As of August 5, 2026, $TAO sits precisely at its daily pivot near $196, leaving Bittensor crypto trapped between a short-term bullish pulse and a macro structure that remains firmly in correction territory.
Key takeaways
- $TAO closed at $196.10, sitting on its 20-day EMA at $195.88, far below the 50-day EMA at $207.16 and the 200-day EMA at $239.10.
- Daily RSI at 47.71 signals neutrality; the MACD histogram has turned positive at 1.23 even though the MACD line remains below its signal.
- The hourly timeframe flipped bullish with price above all three key EMAs and hourly RSI near 60, creating a direct conflict with the cautious daily structure.
- Fear & Greed Index sits…
