Bittensor’s development activity increased by 3,600% in June, a remarkable rise amid a challenging market. Despite a price drop to $324, the token’s market cap remains strong at approximately $2.9 billion, indicating robust underlying support.
Technical indicators suggest Bittensor may face further declines, with a potential drop of 12% if market conditions don’t improve. However, a rising Money Flow Index hints at increasing positive sentiment which could drive a recovery soon.
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