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Bittensor (TAO) nears $205 but fails to confirm breakout amid weak capital flow and trend strength.

Technical Signals
12 Aug 2026
AMBCrypto
View Source
Neutral
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Bittensor (TAO) briefly rose above $205 on August 12 but retreated to around $200, failing to confirm a breakout despite recovering from earlier lows. Futures open interest is nearing $300 million, indicating growing trader activity, but weak capital flow and a low trend strength signal caution. A daily close above $204-$206 is needed to confirm a breakout, with $220 as the next target. Support remains at $195, and below that, $186 could be tested.

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