TAO today news: Bittensor hovers near session lows — over 80% chance for deeper declines below $240

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Bittensor slides 7.88% today

Highlights

Bittensor completed its first halving, reducing daily TAO token emissions by 50% from 7,200 to 3,600, implementing a Bitcoin-style anti-inflationary policy.
TAO's market capitalization now stands at approximately $2.7 billion, placing Bittensor among the top 50 cryptocurrencies following increased institutional attention.
Institutional awareness expanded further after Grayscale's CEO publicly acknowledged Bittensor, driving broader visibility for the decentralized AI ecosystem and TAO token.

Institutional interest intensifies after emissions halving cuts supply

Bittensor has completed its first scheduled halving, reducing daily TAO token emissions by 50% from 7,200 to 3,600 and introducing an anti-inflationary mechanism modeled after Bitcoin. The event has intensified attention on the decentralized AI ecosystem, further highlighted by rising institutional interest, with Bittensor now among the top 50 cryptocurrencies by market capitalization at approximately $2.7 billion. Additional institutional discussions, including acknowledgment by Grayscale's CEO, have contributed to broader awareness of TAO.

Momentum weakens as resistance holds and indicators turn bearish

Technically, resistance is anchored at the Ichimoku Kijun level ($294.40), with no dynamic support indicated from major moving averages or Ichimoku. Indicator signals are bearish: the MACD flags a strong sell, the ADX reflects weak trend strength, and both RSI (42.65) and Stoch RSI indicate continued selling pressure without breaching official oversold thresholds. The CCI remains neutral, BBP points to clear seller dominance intraday, and the Awesome Oscillator sits neutral, in line with the prevailing downtrend. Today's trade began with a gap down (from $289.20 to $280.80) and has seen intraday volatility increase as price holds near session lows ($271–$288.90) amid persistent selling.

Downside risk remains high unless resistance is decisively breached

In the short term, TAO is likely to consolidate between $240 and $295, encompassing a typical volatility band relative to current levels. There is a high probability (over 80%) of further downside, with a move below $240 opening the way for deeper declines. A reversal scenario would require a decisive break above resistance near $294.40 to suggest a bullish short-term shift.

Viktoras Karapetjanc, analyst at Traders Union, sees strong long-term potential for Bittensor despite its current bearish technicals. The recent halving and heightened institutional interest indicate solid growth prospects, even as the price faces downside risks in the near future. He believes the project's anti-inflationary moves and rising awareness could underpin future recovery. In his view, further consolidation is likely before any decisive move. "If TAO can reclaim $294.40 and sustain institutional momentum, a positive shift in sentiment may quickly follow."

Source of Data: TAO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.