Bittensor (TAO) drops 60% from its all-time high: Is it a high-risk buy or a falling knife?

Bittensor (TAO) has reverted close to critical support near 300 USD, with 14.8% decline over the past week, revealing bearish trends compared to Bitcoin’s fall. The long-term viability depends on developer activity and market sentiment.

A recovery may hinge on increased demand, with the notable liquidity zone between 291-302 USD. Traders should consider invalidation levels at 288 and 275 USD when assessing potential buying strategies.

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