Bittensor's TAO token continues its downward trend, with the trading price approaching $251 after failing to retest the $310 resistance level. This resistance, combined with the declining highs, weakening buying pressure, and on-chain indicators showing decreased user engagement, a drop in development activity to a low point, and social media mentions falling to about 30 times, indicates reduced participation and persistent selling pressure.
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Bittensor's TAO token continues its downward trend, with the trading price approaching $251 after failing to retest the $310 resistance level. This resistance, combined with the declining highs, weakening buying pressure, and on-chain indicators showing decreased user engagement, a drop in development activity to a low point, and social media mentions falling to about 30 times, indicates reduced participation and persistent selling pressure.