TAO, BRETT, AKT: The Top Gainers from Yesterday Are Now the Best Coins to Sell

The broader crypto market is recovering after yesterday's Black Monday. The top gainers against this backdrop are TAO, BRETT, and AKT.

Top Gainers TAO, BRETT, and AKT Might Be a Strong Sell Despite Price Increase

The broader crypto market is recovering after yesterday’s Black Monday. The top gainers against this backdrop are TAO, BRETT, and AKT. At press time, the coins had added approx. 52%, 45%, resp. 43% to their value in the last 24 hours.

TAO is a strong sell despite recent growth

Bittensor’s native token has been steadily increasing, with the exception of yesterday’s slump. It has many notable milestones in its favor. One of them is Masa’s launch of an AI Data Subnet on the network, which pioneered decentralized AI production.

Despite being the top gainer on CMC, TAO is a strong sell. Moving averages suggest a strong sell. Exponential moving averages are consistently declining. The 50-day EMA is higher than the 30-day EMA, which is higher than the 20-day EMA. The 20-day EMA is higher than the most recent 10-day one. This suggests a consistently bearish trend.

Will BRETT finally break $0.1?

Brett, the biggest meme coin in the Base Blockchain, dropped by 10.3% on July 25. That day, a Bitcoin slump triggered a sea of red. Brett hit an all-time high of $0.1933 on June 9. The current price is around 50% below the all-time high.

According to Trading View data, this token is also a strong sell. The Fibonacci pivot point is 0.13132, while BRETT is currently trading for $0.095. When the Fibonacci pivot point is higher than the current asset price, it indicates that the price is below a key resistance level. This often suggests that the asset is experiencing downward pressure and may decline if it doesn’t break above this pivot level.

AKT is nearing a key support level

Akash Network’s native token, AKT, gained more than 14% on June 28. It was the top gainer that day while the broader crypto market cooled. The token surged on news that it became available for on-chain staking on crypto.com.

The highest price for AKT was $8.07, recorded over three years ago. The current price is 67.65% lower than that.

AKT is also a strong sell. The next support level to watch is 2.6152, slightly above the token’s current price. If it breaks that level, the trend may turn bullish.

TAO, BRETT, AKT: Recap

The prospects for all three tokens are bearish. If you’d like to take the risk regardless, don’t invest more money than you can afford to lose.

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