The cryptocurrency market is facing instability, impacted by declining prices of key assets such as Bittensor (TAO) and Near Protocol (NEAR). Meanwhile, BlockDAG is actively promoting its presale, attracting investors' attention.
Market Struggles for Bittensor and Near
Prices for Bittensor and Near are under pressure. Bittensor (TAO) is consolidating around the $310 mark, which previously served as a support level. NEAR is also experiencing a decline in its price, having lost almost 5% in a day.
Bittensor's Challenges at a Key Level
Bittensor (TAO) failed to break above $340 and has retreated to the key support zone of $310. Current RSI indicators below 42 indicate weak momentum. If Bittensor cannot overcome resistance, there is a risk of dropping to $295.
Threats for Near Protocol and Potential Recovery
NEAR remains close to the upper bound of a falling channel. The current price stands at $2.04 with trading volume down by 27%. While the price is decreasing, this scenario may indicate a potential upside movement in the future.
Amidst instability, the cryptocurrency market is facing growing challenges. The difference in price dynamics between Bittensor and Near indicates the possibility of future recovery, while BlockDAG's active presale campaign represents an interest for potential investors.
