$TAO Bearish Alert: Is the Trend Snapping?
The AI-driven token $TAO (Bittensor) is currently showing signs of weakness as it struggles to stay above a rising wedge pattern. Despite recent attempts to push higher, the momentum is fading, and the price is hitting a "supply zone" where sellers are taking control.
If TAO fails to hold its current support, we could see a quick drop as it searches for new buyers at lower levels.
Short Trade Setup:
Entry Zone: 160.2 – 162.9
Stop Loss (SL): 167.30
Take Profit Targets:
TP1: 151.7
TP2: 146.2
TP3: 141.5
Summary: The upward move looks exhausted. A break below the diagonal support line will likely trigger a sharp sell-off toward the $141 range.
TAOUSDT
Perp
197.98
+3.68%