• Bittensor (TAO) slips back toward the $280–$300 support zone, a region known for triggering strong rebounds.
• Technical indicators show weakening momentum, with RSI in the mid-40s and MACD flattening.
• Analysts highlight a potential recovery toward the $520 target if support holds and buyers return.

Bittensor (TAO) continues to decline as selling pressure deepens, pushing the token further along a steady downward trend in the market. Over the past 24 hours, TAO has slipped by almost 7.76%, adding to a steep weekly decline that now reaches 10.57%.

Currently, TAO is trading at $327.07, while its 24-hour trading volume has surged to $364.01 million, marking a strong 40.49% increase despite the decline. The token’s market capitalization now stands at $3.37 billion, reflecting the overall cooldown in market sentiment.

Source: CoinMarketCap

Also Read: Bittensor (TAO) Eyes $930 Target as Bullish Breakout Strengthens Investor Confidence

Bittensor (TAO) Chart Signals Growing Market Pressure

The weekly chart shows the significant drop of Bittensor after it tested the upper levels of $400-$450 and declined towards the $330 region. The price is currently below the key moving average levels, implying a short-term bearish trend. The MA Ribbon indicates that the price is largely moving sideways.

Source: TradingView

The momentum indicators are also signaling a level of caution, with the RSI trading within the lower to mid-40s and slightly bearish. The MACD lines are flattening, and the token could see a volatile period going forward if the trend continues. A breakout above $370 and below $300 could be the trend-defining trades.

Bittensor Approaches Crucial Support: Is $520 Next?

Moreover, the crypto analyst, Crypto Pulse, revealed that the native token of Bittensor, TAO, finds itself in the spotlight again as it moves towards a critical level of support within a defined trading range over a three-day period. Market analysts observe that the token remains within a large sideways pattern and the price is moving towards the lower end of the range, between $280 and $300.

This area has acted as a defending level repeatedly, thus preventing any sharp corrections and allowing a few rallies within the earlier cycles. It is noted that the current movement of TAO corresponds to the earlier phases where the bear power decreased after reaching the same level of support, thus enabling the buyers to take control.

Source: X

If TAO retests this area within the coming trading sessions, volatility could rise as a result of the accumulated trading liquidity. If the reaction at the base remains successful, a rebound and even a trend reversal could be observed, and the token could return towards the resistance level of $520.

Also Read: Bittensor (TAO) Price Surge Ahead: Could Hit $846–$1,151 Soon!