Bittensor’s TAO token traded around $251 on October 27, after falling from above $320 in late September. Its rebound from a session low near $246.87 brought it back to its long-term average of around $251, but buyers have struggled to establish a lasting recovery. The $245-$247 area is the immediate support to watch, while a return to $255-$260 and then $266-$270 would signal an improvement. If the recent lows give way, the previous $230-$240 trading area could come back into focus. Grayscale’s October 23 filing to convert its existing Bittensor Trust into an ETF provides another factor for TAO holders and investors to monitor, although the conversion has not yet been completed.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
