Bittensor’s TAO drops 10% after rejection at $329 resistance

  • Bittensor’s TAO fell after failing to surpass resistance near $329.
  • TAO dropped 10% in 24 hours as long liquidations reached $1.7 million.
  • Weakening derivatives positioning accompanied three consecutive days of losses.

Bittensor’s TAO token fell 10% over 24 hours after failing to break above resistance near $329, extending its decline to three consecutive days. The pullback came alongside weakening derivatives positioning and $1.7 million in long liquidations, pointing to reduced bullish sentiment. The move follows recent gains that had left traders taking profits near the resistance level.

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