Bittensor's TAO token fell about 20% from its June 15 peak due to concerns over a governance proposal called Root Reborn, which critics say could centralize power and complicate liquidity and regulation. The decline was worsened by liquidations in derivatives markets and a risk-averse macroeconomic environment driven by expectations of prolonged high U.S. interest rates. Technical analysis shows sellers dominating with key support near $220; failure to hold this level could lead to further declines. Ongoing debates over governance and regulatory risks, combined with weak market momentum, suggest TAO may struggle to regain recent highs soon.
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...
