$TAO Trapped Between Bullish Hourly and Bearish Daily Momentum

Bittensor crypto has been trading at $196 for several days, caught between a short-term bullish pulse and a longer-term downtrend.

The daily chart shows that $TAO is sitting on its pivot near $196, with the 20-day EMA at $195.88 and the 200-day EMA at $239.10. This suggests that price remains far below both key EMAs.

However, the hourly timeframe has flipped bullish, with price above all three key EMAs and an RSI near 60. The MACD histogram has also turned positive, indicating building momentum in this timeframe.