• Bittensor shows short-term weakness with potential decline toward $330 before rebound.
• Analysts highlight selective buying opportunities as wave C corrective pattern nears completion.
• Market capitalization may dip near $2  million, signaling an ideal entry for early investors.

Bittensor (TAO) indicates a sign of a weak short-term, while analysts point to possible price corrections in the offing. Early members of the community had already taken a position for the next level, while others will have to wait for a more favorable entry point. Analysts indicate that the coin will decline further before making a rebound, presenting a possible acquisition opportunity.

At the time of writing, Bittensor (TAO) is trading at $385.98, with a 24-hour trading volume of $620.19 million and a market capitalization of $3.85 billion. Over the last 24 hours, the coin’s price increased by 0.14%.

Bittensor  Approaches Critical $2 Million

Prominent crypto analyst Alex RT₿ highlighted that the next phase for TAO appears to be developing, and his members were keen to get in early. He indicated that if the market falls below a market value of $2 million, capitalization.

It might create the best time for investor entries. For late participants, he cautioned that they might need to buy back in at more extended costs.

Bittensor Price Nears Critical Support Level

Meanwhile, analyst More Crypto Online issued a technical analysis, which indicates that TAO is apparently concluding wave C of the current corrective pattern. With regards to this view, it will decline towards the $330 area before signaling a protrusive bounce.

Investors are advised to look out for key level alerts as the market rebalances itself. Despite that, there remains a downtrend in the short term, and both analysts hint at probabilities for selective entries in the weeks ahead.

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Community Shows Strong Optimism

Market sentiment remains extremely bullish, with 83% voting that the asset carries bullish momentum. Such widespread voting indicates picking up confidence among shorts as it gets among long-term holders as well.

On the other hand, just 17% remain bearish, signifying minimal fear for a correction in price. With nearly 99.7K voting, sentiment overall shows a high belief level for further market growth.

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