Bittensor (TAO) has experienced a significant decline, dropping 16.92% in the last 24 hours. Despite this, the trading volume remains high and the market cap ratio indicates high liquidity. The cryptocurrency is currently testing a key support level and if it breaks, further downside pressure may occur. On the upside, there are resistance levels that, if broken, could trigger a rally. Technical indicators show moderate bullish momentum and a possible uptrend, but a drop in momentum could lead to bearish conditions. The CMF suggests positive money flow into the asset, reinforcing the bullish case. However, capital outflow could weaken the price further. Overall, the cryptocurrency remains volatile but shows some bullish signals in technical indicators.



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