TAO Drops 7% After the Raydium Rally: Is a Bigger Move Coming?

The token dropped 7% as open interest and spot demand weakened. Bulls must reclaim $291.6 and $300 to strengthen the recovery outlook. A dip toward $190 could attract buyers seeking another bullish reaction. Bittensor — TAO, has suffered a sharp pullback after showing strong momentum earlier this month. The token dropped nearly 7% within 24 hours. TAO has also posted losses each day since Monday, September 7. Open interest fell 14.3%…