The Bittensor (TAO) price has been struggling recently, failing to break out of a descending wedge pattern and experiencing significant losses. However, there are positive indicators suggesting a potential recovery. The Relative Strength Index (RSI) is recovering from the oversold zone, historically indicating a turnaround. Additionally, the Sharpe Ratio is deeply negative, which has previously signaled future price recovery. Bittensor's price is currently around $264, and if it can break above the $298 level, it could trigger a bullish rally with a target of $351. However, failing to break above $265 could result in further declines.



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