• Bittensor trades at $315.34 with a 0.33% daily gain, showing resilience even as trading volume declines to $118M.
• RSI at 45.73 keeps TAO neutral, but a move above 50 would confirm bullish strength and signal higher momentum.
• Holding bullish flag support strengthens outlook, with possible price targets at $405, $500, and $590 in the near term.

Bittensor (TAO) is currently trading at $315.34 with a daily increase of 0.33%. Trading activity has declined, and volume fell 2.92% and is currently standing at $118 million. Although this makes the coin move a bit downward, it still has stable interest in the market.

Source: CoinMarketCap

Bittensor has recorded a gain of 4.3% over the past seven days. A positive trend implies that the investors had confidence and showed resilience in its performance. The price move is related to the increased momentum, although the general trading levels are slightly decreased.

Bittensor Holds Bullish Flag Support Amid Reversal Signals

Crypto analyst Jonathan Carter highlighted that Bittensor is on its lower bullish flag support, which reflects strength in its market structure. He observed that the signals of early reversals are beginning to appear on the chart, indicating better momentum.

Analysts argued that rebounding would be proven above the 50-day moving average to consolidate the bullish side. He stated that such a move may enable openness to the higher levels of resistance at $405, $500, and $590.

Source: X

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RSI Holds Neutral While MACD Points to Fading Bearish Pressure

The Relative Strength Index (RSI) of Bittensor is at present 45.73, and the signal line is at 41.32. The readings put TAO in a neutral position, which means that TAO is neither overbought nor oversold. When RSI exceeds the 50 mark, it will indicate a greater bullish momentum and probability of rising price.

Source: TradingView

Moving Average Convergence Divergence (MACD) also indicates waning bearish momentum. The MACD line stands at -0.4, the signal line at -0.6, and the histogram at -8.6. These values imply that negative pressure is dissipating. Analysts observe that crossing over would affirm a possible trend reversal and draw in additional purchasing attention.

Open Interest Rises as Trading Volume Declines

According to CoinGlass data, the trading volume decreased by 14.88% to $189.57 million. Nonetheless, Open Interest rose 1.01% to $288.68 million, indicating steady participation by traders. The OI-weighted funding rate is 0.0062%, meaning a neutral position and no deep bias in leverage.

Source: CoinGlass

The capability of Bittensor to maintain its bullish flag shows structural strength. The coin is steady even though the trading volume is lower. Analysts reckon that protecting this support remains vital in maintaining the overall uptrend. Traders continue to monitor the momentum. However, a break higher than the 50-day moving average would be further validated as an extended higher movement.

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