$TAO Fails to Bounce off Key Support Amid AEON Integration
Blockchain-based settlement layer AEON has announced the integration of Bittensor's native token, $TAO. This move enables AI-native payments and autonomous commerce within the agentic economy envisioned by AEON.
The announcement has yet to have a significant impact on $TAO's price, with bulls unable to push the token out of a key support zone.
The 1-day chart shows that $TAO is currently trading within a higher timeframe range and was previously in a bullish structure. However, the volume indicators are mixed, with low trading volumes compared to previous activity.
A price bounce from $194 to $330 and $370 is expected based on price action alone, but this idea is not supported by current volume trends or liquidation maps.