TAO Price Speculation Reignites as Altcoin Forms Reversal Base

Bittensor's TAO token has been showing some interesting price action lately. Despite being one of the market's trending tokens, it has consistently fallen on the daily charts, losing over 2% of its value in the last 24 hours.

The token's daily volume of $90 million has also followed a similar trend. However, liquidity levels suggest that TAO may be making lower lows, and the charts are forming a base for a potential reversal.

This has led to speculation about whether TAO can bounce back from its current price of around $180, as it did before. In June, the token experienced a 59% upside rally after holding strong at this level.