Bittensor ($TAO) Correction: Will Support at $330 Hold?

The cryptocurrency token Bittensor ($TAO) is currently in wave C of its correction (2), indicating further downside potential toward the crucial support zone of $330. Market sentiment is cautious as traders await clarity from the Federal Open Market Committee (FOMC) and trading volume remains subdued. Analysts predict Fibonacci retracement levels between $330 and $315 could trigger a bullish impulse in wave (3). While Bittensor ($TAO) has experienced modest daily gains, technical indicators suggest it is still unfolding within wave C before potentially continuing its downward trend towards the mentioned support zone.