The AI sector saw a notable market cap rise from $16.24B to $19.12B earlier this month, a 17.7% gain. Bittensor (TAO), the largest AI token by market cap, also gained but has recently entered a retracement phase after hitting resistance near $330. Weekly charts show a range-bound pattern with a bullish bias from lows around $163. Traders should watch support levels at $233 and $194, with a drop below $143 invalidating the bullish outlook. The current pullback may extend toward $200 before bulls regain control.
Bittensor (TAO) dropped below the $200 support level, hitting a monthly low of $193 due to increased futures outflows and declining open interest, indicating reduced exposure by derivatives traders. Despite the bearish momentum, spot market data show...
NEAR Protocol's price rose above $2, supported by renewed interest in AI-related cryptocurrencies and an 83% surge in trading volume. The token is breaking out of a falling wedge pattern, with a confirmed breakout above $2.03 potentially driving pric...
