Bittensor (TAO), one of the leading artificial intelligence coins in the market, is currently showing signs of consolidation. Market indicators suggest indecision, with neither buyers nor sellers taking firm control.

TAO’s movement appears range-bound, lacking clear momentum to either break higher or fall significantly lower. The EMA lines suggest the possibility of a “death cross,” which could spark a significant correction if the market loses momentum further.

TAO Ichimoku Cloud Shows Consolidation

The Ichimoku Cloud chart for TAO shows a mixed picture of the current market conditions. The price is currently trading near the cloud, suggesting indecision.

The cloud itself (Kumo) is mostly flat and has both green and red areas, indicating an overall neutral trend. The price recently tried to break above the cloud, but failed to gain significant upward momentum, indicating resistance.

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The Tenkan-sen (Conversion Line) and Kijun-sen (Base Line) intersect near the current price, suggesting the market is looking for direction. The leading span A and leading span B, which form the cloud, are not diverging sharply, pointing to potential range-bound movement.

If TAO, which is the biggest artificial intelligence coin in the market today, can break decisively above the cloud, it could indicate a bullish shift. Conversely, a fall below the lower cloud boundary would suggest a bearish trend. At the moment, the market appears hesitant, with buyers and sellers evenly matched, leading to sideways movement.

Bittensor RSI Is Back To 50

TAO’s RSI is currently at 50, rising from 31 just a day ago. This swift movement suggests renewed buying pressure, bringing market sentiment to a neutral level.

A jump from oversold conditions to a midpoint like this often implies a shift away from strong bearishness but not necessarily toward bullish dominance yet.

The Relative Strength Index (RSI) measures momentum by indicating whether an asset is overbought or oversold. An RSI of 50 means that the market sentiment for TAO is currently balanced.

At this level, there is no strong bias towards buying or selling, suggesting that the price might consolidate until new catalysts drive momentum in either direction.

TAO Price Prediction: No $700 Level in the Near Term

The TAO price chart shows that the price is currently in a consolidation phase, trading between key support and resistance levels. Resistance lies at $600 and $618, where previous attempts to break above have failed, while the support levels at $503 and $473 are holding for now, providing a cushion against further downside.

The EMA lines also reflect this sideways action, with the short-term EMAs getting closer to the long-term ones, indicating reduced bullish momentum.

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The short-term EMA lines are on the verge of crossing below the long-term EMA lines, which, if confirmed, could form a “death cross.” A death cross typically signals a bearish reversal, implying that downward pressure could intensify and trigger a significant correction.

If TAO price can recover its uptrend, it could test the resistances at $600 and $618 soon. This would mark a potential 12% price surge. However, if the uptrend isn’t strong enough and the trend is reverted, TAO could go as down as $473, marking a 14% price correction.

Ethereum (ETH) price appears to be moving within a neutral range, as indicated by several market metrics. The current Net Unrealized Profit/Loss (NUPL) value signals that most investors are neither highly profitable nor experiencing heavy losses.

This balanced sentiment suggests a mix of cautious optimism and anxiety but lacks the strong emotions that typically drive dramatic price shifts. Combined with the behavior of larger holders and key technical indicators, ETH might continue its sideways movement in the short term.

ETH NUPL Is Currently Neutral

ETH’s NUPL is currently at 0.34, signaling a neutral market state. This value suggests that most investors are neither deeply in profit nor in significant loss. It reflects a balanced sentiment among holders, with a mix of optimism and anxiety but no extreme emotions that usually drive large market movements.

Read more: Ethereum (ETH) Price Prediction 2024/2025/2030

NUPL, or Net Unrealized Profit/Loss, measures investor sentiment by comparing unrealized gains and losses. When NUPL is positive, it indicates holders are in profit, and when negative, it signals losses. A value of 0.34 places ETH in the ‘Optimism — Anxiety’ phase, suggesting investors feel cautiously optimistic but are also wary.

ETH is far from the more extreme stages of ‘Hope — Fear’ or ‘Belief — Denial’, indicating a stable, neutral market condition. This neutrality points to a likely sideways price movement in the short term, as neither strong buying nor selling pressure is currently dominant.

Ethereum Whales Are Not Accumulating

The number of addresses holding at least 1,000 ETH is declining, indicating that whales are not accumulating ETH. On September 25, there were around 5,628 such addresses, and now this number has dropped to 5,547. This steady decrease suggests a lack of confidence among large holders.

Tracking these whale addresses is crucial because they can significantly influence market trends. When whales accumulate, it often signals optimism and can drive prices higher. Conversely, a decline shows hesitation or risk aversion.

The consistent drop in whale addresses over the past month implies that big investors are not confident enough to accumulate ETH at this time. Instead, they may be reallocated to other assets or waiting for clearer signals before buying more ETH.

ETH Price Prediction: More Sideways Movements Ahead?

This Ethereum (ETH) chart displays several key moving averages (EMAs) and potential support and resistance levels. Currently, ETH is trading around $2,526, slightly below multiple EMA lines, indicating downward pressure.

That’s also reinforced by the fact that its short-term lines are going down. If they cross below the long-term ones, this would create a bearish signal.

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The chart also highlights clear resistance levels at $2,728 and $2,820, with previous attempts to break these points being unsuccessful. These levels will need to be breached convincingly to trigger any strong bullish momentum. On the downside, the support levels are marked at $2,308 and $2,150, indicating areas where buyers could step in.

The presence of these support and resistance levels, along with the lack of decisive movement around EMAs, suggests that ETH may continue consolidating, with price fluctuations within the range before a clear trend develops.

For some days, the price of Chainlink (LINK) has been swinging between $10 and $11. This is a surprising move, considering the project’s recent notable developments.

But with Chainlink bears at the forefront of control, here is why the altcoin might find it challenging to react positively in the short term.

Chainlink Bears Take Bulls Out

According to IntoTheBlock, the Chainlink Bulls and Bears indicator favors bears. In this context, bears are addresses selling at least 1% of the total trading volume. Bulls, on the other hand, are those selling the same supply.

When bulls have more volume than bears, the price of the asset can increase. But as of this writing, Chainlink bears have sold over 500,000 more tokens than bulls purchased. 

Given this position, it seems highly unlikely that LINK’s price will increase, despite some analysts believing that the token should be trading for at least $15.

Read more: How to Buy Chainlink (LINK) With a Credit Card: A Step-By-Step Guide

Besides this, the In/Out of Money Around Price (IOMAP) shows that LINK might continue to face resistance despite several attempts to surpass $12. The IOMAP shows the number of addresses and volume holding a token in unrealized profits or losses.

If the volume of losses surpasses that of profits, the next cluster will likely serve as a major resistance point. Conversely, a higher volume of profits will create a significant support region.

As shown above, the major resistance lies between $12.47 and $12.82. At this point, almost 18,000 addresses purchased more than 100 million LINK tokens. Therefore, if the price moves toward this region, some addresses might break even, possibly pushing the value lower.

LINK Price Prediction: Lower Lows

On the daily chart, Chainlink faces a notable resistance to $12.70. Besides that, the Exponential Moving Average (EMA) suggests that the altcoin might drop lower than the current value.

As seen below, the 20 EMA (blue) and 50 EMA (yellow) are in the same region. This trend suggests indecision among traders. But it appears that Chainlink bears have the upper hand.

Read more: Chainlink (LINK) Price Prediction 2024/2025/2030

Given the current situation, LINK’s price may drop below $10. However, bulls can prevent this decline. To achieve this, Chainlink bears must take a back seat. If they do, the token could rebound and reach $15.25.