Bittensor (TAO) Momentum Slows Post 6.5% Gain
The post Bittensor (TAO) Momentum Slows Post 6.5% Gain appeared on BitcoinEthereumNews.com. Bittensor (TAO) has been up 6.5% over the past seven days, and its market cap is now hovering just below $4 billion despite correcting 6.6% in the last three days. The recent pullback has weakened key technical indicators, with both momentum and trend strength showing signs of deterioration. While TAO has managed to hold key support levels and remains above $440, bearish signals are starting to emerge across multiple charts. Whether bulls can reclaim control or TAO slips below $400 will likely define its next major move. Bittensor Trend Weakens as Bearish Momentum Overtakes Bulls TAO’s DMI (Directional Movement Index) chart shows a weakening trend, with its ADX (Average Directional Index) falling sharply from 47 to 23.16 over the past three days. The ADX measures the strength of a trend—regardless of direction—on a scale from 0 to 100. Values above 25 typically indicate a strong trend, while readings below 20 suggest a weak or ranging market. TAO’s current ADX is just above 23, suggesting the recent trend is losing strength and may be nearing a transition phase. Despite that, according to CoinGecko data, Bittensor is the biggest artificial intelligence coin in the market, surpassing players like NEAR, ICP, and RENDER. TAO DMI. Source: TradingView. Meanwhile, the +DI (Positive Directional Indicator) has dropped from 23.87 to 17.41, signaling a decline in bullish pressure. At the same time, the -DI (Negative Directional Indicator) has risen from 17.86 to 23.15, showing that bearish momentum is gaining control. This crossover—where -DI moves above +DI—indicates that sellers have overtaken buyers, and with ADX still above 20, the downtrend may continue to develop. If this divergence persists, TAO’s price could face further downside pressure in the short term unless bulls re-enter to shift the momentum. TAO Recovers but Lacks Clear Strength TAO’s Relative Strength Index (RSI)…
The post Bittensor (TAO) Momentum Slows Post 6.5% Gain appeared on BitcoinEthereumNews.com.
Bittensor (TAO) has been up 6.5% over the past seven days, and its market cap is now hovering just below $4 billion despite correcting 6.6% in the last three days. The recent pullback has weakened key technical indicators, with both momentum and trend strength showing signs of deterioration. While TAO has managed to hold key support levels and remains above $440, bearish signals are starting to emerge across multiple charts. Whether bulls can reclaim control or TAO slips below $400 will likely define its next major move. Bittensor Trend Weakens as Bearish Momentum Overtakes Bulls TAO’s DMI (Directional Movement Index) chart shows a weakening trend, with its ADX (Average Directional Index) falling sharply from 47 to 23.16 over the past three days. The ADX measures the strength of a trend—regardless of direction—on a scale from 0 to 100. Values above 25 typically indicate a strong trend, while readings below 20 suggest a weak or ranging market. TAO’s current ADX is just above 23, suggesting the recent trend is losing strength and may be nearing a transition phase. Despite that, according to CoinGecko data, Bittensor is the biggest artificial intelligence coin in the market, surpassing players like NEAR, ICP, and RENDER. TAO DMI. Source: TradingView. Meanwhile, the +DI (Positive Directional Indicator) has dropped from 23.87 to 17.41, signaling a decline in bullish pressure. At the same time, the -DI (Negative Directional Indicator) has risen from 17.86 to 23.15, showing that bearish momentum is gaining control. This crossover—where -DI moves above +DI—indicates that sellers have overtaken buyers, and with ADX still above 20, the downtrend may continue to develop. If this divergence persists, TAO’s price could face further downside pressure in the short term unless bulls re-enter to shift the momentum. TAO Recovers but Lacks Clear Strength TAO’s Relative Strength Index (RSI)…
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