Bittensor's TAO price may plunge 40% within five weeks: Fractal data

💡 DMK Insight

TAO’s 160% rally is impressive, but that golden cross could spell trouble. Historically, golden crosses have often been followed by significant pullbacks, and with TAO’s rapid ascent, traders should be cautious. This pattern suggests that while momentum is strong, overbought conditions could lead to a correction. If you’re holding TAO, consider setting tighter stop-loss orders to protect gains. Watch for key support levels that could indicate when to exit or re-enter positions. On the flip side, if TAO manages to maintain its upward trajectory despite the golden cross, it could attract more buyers, leading to further gains. Keep an eye on volume trends; a spike in buying volume could validate the rally. For now, monitor the daily chart closely for signs of reversal or continuation, especially around previous resistance levels.