Bittensor eyes gains, but market flips bearish: Will TAO head to $390 or $216? – BitRss

• TAO ($356.48) broke below the $434 and $354 support levels and could be headed lower in the coming weeks.
• The liquidation heatmap showed that a bounce to $390 was likely.

Bittensor [TAO] bulls were forced to concede the $440-$480 support zone over the past month of trading. Ten days ago, it was retested as resistance, and since those local highs, TAO has shed 26.7%.

TAO’s volatility has picked up over the past two weeks as Bitcoin [BTC ($96,310.62)] continued to trade within a range around the $100k mark.

The lack of bullish conviction across the altcoin space affected TAO, and its momentum has been bearish since December.

TAO fell below $354 but has bounced higher quickly