Bittensor (TAO) surged 15.8% to $247.70 with an 87.3% increase in daily trading volume, signaling renewed market interest after weeks of weakness. The token broke above its descending channel, ending a downtrend that started in May, and moved toward key resistance at $255 and $300. Despite the price rise, seller dominance persisted, indicating cautious buying as passive bids absorbed selling pressure rather than aggressive buying pushing prices higher. If buyers continue to absorb supply, TAO could see further gains, but ongoing seller activity may slow recovery.
TAO price surged more than 24% on June 13, closing at $264 after opening near $212, breaking a seven-month downtrend from around $500 to the low $200s. Technical indicators like RSI and MACD signaled a reversal before the breakout, while volume confi...
Bitcoin fell to $59,130 on June 5, causing $1.46 billion in long position liquidations and widespread crypto market panic. Meanwhile, Bittensor (TAO) reached a critical long-term support level around $194, showing potential for a bullish rebound if B...
Major proof-of-stake networks saw a decline in staked market capitalization last week, with Cardano experiencing the largest drop at 22.19%, falling to about $3.6 billion. Meanwhile, BNB Chain improved its staking metrics, posting the highest real yi...
