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The Bittensor price plummeted 15% in the last week and dropped almost 1% in the last 24 hours to trade at $226.57 as of 12:12 a.m. EST on trading volume that edged up 2% to $79 million.
With the broader crypto market flashing red, the big question is: Is Bittensor just catching its breath or is there more downside ahead?
Bittensor Price Analysis: Downtrend Nearing Key Breakout Zone?
The TAO price is in a clear downtrend, following a descending wedge formation. This pattern is typically considered a bullish reversal signal if confirmed with a breakout.
Over the past few months, the Bittensor price has formed a series of lower highs and lower lows, creating a well-defined wedge. The price of Bittensor is approaching this pattern’s lower boundary, which could be a critical turning point.
The chart also marks key points (A, B, C), suggesting a complex corrective wave structure within the wedge, according to GeckoTerminal data. A breakout above this pattern’s upper trendline could signal a trend reversal, while failing to do so may continue the downward movement.
The 50-day Simple Moving Average (SMA) is currently at $305.03, well above the current price of $226.57, indicating short-term bearish momentum. The 200-day SMA sits at $455.43, reinforcing that the asset is in a long-term downtrend.
The Relative Strength Index (RSI) is at 37.88, indicating that the asset is approaching oversold territory. If the RSI moves below 30, it would signal extreme bearish conditions, but currently, it suggests that a potential reversal could be forming.
TAO Price Prediction
Given the descending wedge formation, a breakout in the coming weeks is highly likely. If the price of Bittensor successfully breaks above the wedge and clears the $305 resistance level (the 50-day SMA), it could rally toward the $455 level (the 200-day SMA).
A breakout beyond this level could see TAO testing the $500 resistance zone, where major selling pressure might emerge.
However, if the Bittensor price fails to break out and continues its downward trajectory, it may retest the $200 level or lower. A move below this level could lead to further declines, extending the current bearish trend.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 100X after launch.
MIND Of Pepe Presale Closes On The $8 Million Mark
MIND of Pepe has quickly gained attention, raising over $7.8M in its presale. Its success comes from combining AI technology with meme coin appeal.
Unlike regular meme coins, MIND features an AI agent that analyzes market trends, provides crypto insights, and even creates new tokens. This gives investors the chance to get in early on AI-generated cryptocurrencies, making MIND a one-of-a-kind and promising project in the market.
This AI agent is also designed to deploy its tokens, trade them, advertise them, sell them for profit, and reinvest the earnings into its native token, MIND.
🔥 MIND of Pepe $MIND Update 🔥
MIND of Pepe $MIND continues its unstoppable evolution, solidifying its position as the most advanced AI-powered crypto-intelligence system
LLM Persona Refinement
MoP’s language model is getting sharper!
◉ Enhanced intelligence & engaging… pic.twitter.com/H56ATBvKzn
— MIND of Pepe (@MINDofPepe) March 20, 2025
MIND holders also have the opportunity to stake their tokens for a stratospheric 289% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0036524 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast because MIND’s price will undergo a scheduled presale increase in less than 2 days.
Visit the MIND of Pepe website.
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