SOL Bounces from Support While TAO Surges: What’s Next for Investors?

• Bittensor (TAO) surges over 50% in 24 hours, breaking key resistance levels.
• Solana (SOL) bounced from support, gaining 12.25% in the last day.
• Bearish signal emerges as Bull-Bear Market Cycle Indicator flags bear phase.

Crypto analyst, CryptoYapper, reported notable activity in Bittensor (TAO) and Solana (SOL). Both coins have experienced considerable price movements and increased trading volumes, capturing the attention of cryptocurrency traders and analysts.

$TAO Bouncing !#TAO finally retested the previous resistance as support.

We also retested horizontal support

This level is strong, so we're now seeing a bounce.#BittensorTAO is up for more than 50% in the last 24 hours ! pic.twitter.com/kG0R2tTTDJ

— Crypto Yapper (@CryptoYapper) August 6, 2024

Bittensor’s recent performance has been particularly striking with Yapper observing TAO retesting its previous resistance as support, indicating a strong bounce. The price surged over 50% in the last 24 hours. 

Currently, TAO is priced at $259.23, with a 24-hour trading volume of $106,879,54 and a market cap of $1,861,977,973. The coin has a circulating supply of 7,182,613 TAO and a maximum supply of 21,000,…

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