Bittensor Suffers 23% Decline in Price Amid Market Turmoil

市場動盪，Bittensor 價格下跌 23%

The Bittensor (TAO) price has witnessed a sharp drop of 23% in the past 24 hours, trading at $192 as of 12:30 a.m. EST. This decline coincides with a surge in trading volume by 54%, reaching $81 million.

Bittensor (TAO) 價格在過去 24 小時內大幅下跌 23%，截至美國東部時間上午 12:30 交易價格為 192 美元。這一下降恰逢交易量激增 54%，達到 8,100 萬美元。

Market Factors Influencing Price Drop

影響價格下跌的市場因素

Bittensor's price decline aligns with a broader market downturn, triggered by investor concerns following a rate cut by Japan. This move led to panic selling amid fears of a potential recession, as the US Fed maintained interest rates instead of implementing a reduction.

Bittensor 的價格下跌與更廣泛的市場低迷一致，這是由日本降息後投資者的擔憂引發的。由於聯準會維持利率不變，而不是實施降息，此舉導致人們擔心潛在的經濟衰退而引發恐慌性拋售。

Bittensor Price Analysis

Bittensor價格分析

Bittensor has historically delivered significant returns, reaching an all-time high of $755.01 in 2023-2024. However, it encountered a resistance level, leading to profit-taking and a 70% correction.

Bittensor 歷史上曾帶來可觀的回報，在 2023-2024 年達到 755.01 美元的歷史新高。然而，它遇到了阻力位，導致獲利了結和70%的回調。

Bullish sentiment attempted to regain momentum at the $215 support level. However, the $358 resistance level has pushed the price down, approaching the crucial $200 support. A break below $300 and the 50-day SMA has intensified the decline, accompanied by bearish signals from the RSI indicator.

看漲情緒試圖在 215 美元支撐位恢復勢頭。然而，358 美元的阻力位已將價格推低，逼近關鍵的 200 美元支撐位。跌破 300 美元和 50 日均線加劇了跌勢，同時 RSI 指標也發出看跌訊號。

Bulls Seek to Regain Momentum

公牛隊尋求重獲動力

Despite the bearish pressure, Bittensor remains above the 200 SMA, offering potential for a price recovery. Additionally, the RSI is approaching oversold territory, suggesting the possibility of a reversal.

儘管面臨看跌壓力，但 Bittensor 仍高於 200 SMA，為價格復甦提供了潛力。此外，RSI 正在接近超賣區域，表明有可能出現逆轉。

Price Prediction

價格預測

Analysts suggest a potential short-term decline towards support levels at $180 and $155. Conversely, an uptick in momentum could lead to resistance at $330 and $358.

分析師表示，短期內可能會跌向 180 美元和 155 美元的支撐位。相反，勢頭上升可能會導致 330 美元和 358 美元的阻力位。

Disclaimer: This article does not contain any advertising or promotional content.

免責聲明：本文不包含任何廣告或促銷內容。