Bittensor (TAO) gets a bearish rating from InvestorsObserver Friday. The Distributed Computing asset is down 2.36% to $534.65 while the broader crypto market is up 0.04%.
Bittensor has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Bittensor!
Bearish
Over the last five days, Bittensor has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Bittensor over the past five days by volume and price movement.The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
Bittensor is currently trading near its five-day low of $516.349243164063. The Distributed Computing asset is 16.49% off its five-day high and is 3.54% higher than its five-day low of $516.35.Bittensor price is favorably positioned between support and resistance. With support set around $520.19 and resistance at $571.1, has some room to run before facing resistance.
Bittensor has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.
What is a token?
Tokens are digital assets that exist on another cryptocurrency's blockchain.Due to a lack of data, this crypto may be less suitable for some investors.
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