Bittensor (TAO) fell below the 20-day SMA on Thurs
Bittensor (TAO) fell below the 20-day SMA on Thursday (May 29) and settled at $414. Selling pressure intensified on Friday as the price fell over 9%, slipping below $400 and the 200-day SMA and settling at $376. TAO recovered on Saturday, surging over 14% to reclaim $400, cross the 200-day SMA and settle at $430. However, it could not cross the 20-day SMA and was back in the red on Sunday, dropping almost 4% to end the weekend at $414. The price declined on Monday, falling 2.51% to $403. Sellers retained control on Tuesday as TAO fell over 4%, slipping below $400 and the 200-day SMA and settling at $386. Buyers attempted a recovery on Wednesday as the price reached an intraday high of $399 but lost momentum after reaching this level, ultimately settling at $380. Bearish sentiment intensified on Thursday, falling nearly 8% to $351. Despite the overwhelming selling pressure, the price recovered on Friday, rising almost 5% to settle at $367. Buyers retained control on Saturday as TAO rose nearly 5% and settled at $386. However, it was back in the red on Sunday, falling almost 1% to end the weekend at $382. The current session sees the price up over 1%. If TAO continues to push higher, it could reclaim $400 and look to cross the 20 and 200-day SMAs.
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