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Home»ALTCOIN NEWS»Bittensor Eyes gains profits, but will Market Flips Bearish: TAO will go to $ 390 or $ 216?
ALTCOIN NEWS

Bittensor Eyes gains profits, but will Market Flips Bearish: TAO will go to $ 390 or $ 216?

By Crypto FlexsFebruary 9, 20252 Mins Read
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Bittensor Eyes gains profits, but will Market Flips Bearish: TAO will go to $ 390 or $ 216?
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  • The TAO is divided into less than $ 434 and $ 354, which can be lowered in the next few weeks.
  • The liquidation heat map shows that there is a possibility of bounce for $ 390.

Bittensor (TAO) Bulls had to recognize the $ 440-$ 480 support area of ​​last month’s transaction. Ten days ago, it was reviewed as a resistance, and since the top of the region, the TAO has shed 26.7%.

As Bitcoin (BTC) continued to trade within a $ 1 billion range, the volatility of TAO has been picked up in the last two weeks.

The lack of optimistic beliefs across ALTCOIN space affected the TAO, and its driving force was weak after December.

TAO fell to less than $ 354, but quickly popped out higher.

People 1 day trading view

Source: TradingView Man/USDT

The Bollinger Band has been relatively wider since the second half of November.

This increased volatility on the daily chart, and since then, the TAO price fluctuations were faster and clearer than August.

The rise in November was not maintained, and the TAO could not stand the market structure.

In January, Bulls collected a level of $ 434, an important level of the weekly period.

The $ 354 and $ 216 levels were the main levels: At the Prestime, the TAO has already ended a daily session of $ 354 or less every day, but it popped 14% from the lowest of the local.

This was not a recovery, but rather a shallow bounce before the next leg.

ATR agreed to the BB indicators, especially over the last week. Sales pressure and weakness structure pointed to more.

Bittensor liquidation heat mapBittensor liquidation heat map

Source: COINGLASS


Read Bittensor (TAO) Price prediction 2025-26


One month liquidation heat map showed a short liquidation cluster around the $ 380- $ 400 area. This was consistent with the highest level of Tao reached at the cat bounce that died on Monday, February 3rd.

The lack of demand and the overall weak structure meant that the rejection of the $ 400 resistance area is likely to be rejected. The swing trader can wait for the Bittensor test for the area before it becomes shorter.

Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.

Next: Algorand is likely to escape while the whale is muted. What is the following?

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