Bittensor (TAO) remains a significant player in the cryptocurrency market, reflecting both current price fluctuations and investor interest in AI technologies.
Current Price and Dynamics
Bittensor is trading at $371.50, reflecting a daily gain of +0.66%. However, the asset is showing a decline of -5.18% over the week and -16.19% over the month.
Historical Achievements and Declines
Over the past year, TAO demonstrates a +22.93% increase, but the current price is nearly 70% below the record of $1,249 set on April 11, 2024. The lowest price recorded was $163.70 on August 5, 2024.
Technical Analysis and Market
Current market volatility stands at 2.28%, which is below the average range. Technical indicators are largely signaling 'sell', while investors are watching for resistance in the $420-$450 range and support at the $300 mark.
Despite current negative trends, interest in Bittensor remains high, which may contribute to potential future growth if new opportunities and investor demand arise.
