Bittensor price prediction: More losses likely? Bittensor drops 9.98% amid oversold signals

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Bittensor slides 9.98% to $228.10 today

Highlights

Bittensor completed its first halving on December 15, reducing token emissions from 7,200 to 3,600 units per day as it moves toward a 21 million supply cap.
On July 10, 2024, the Bittensor network halted and shifted to 'safe mode' after suffering an $8 million hack, temporarily pausing all transaction activities.
TAO's current circulating supply stands at 10,502,700 with a market capitalization of about $2.77 billion.

Emission cut milestone and security breach shape circulating supply outlook

Bittensor recently completed its first halving on December 15, reducing token emissions from 7,200 to 3,600 units per day, which is a milestone as the protocol moves toward its 21 million supply cap. On July 10, 2024, the Bittensor network was halted and set to 'safe mode' after an $8 million hack, pausing all transaction activities temporarily. The current circulating supply is 10,502,700 TAO with a market capitalization of about $2.77 billion.

Oversold readings and absent support heighten downside momentum risk

Immediate dynamic resistance is seen near the Ichimoku Kijun level at $279.55, while there is no strong dynamic support above the current price. Momentum signals remain strongly negative, with both MACD and ADX pointing to persistent bearish pressure and no strong trend developing. RSI (31.56), Stoch RSI (0.00), and CCI (–228.17) all indicate oversold conditions, and BBP (–16.29) confirms sellers overwhelmingly control the intraday picture. The Awesome Oscillator supports the prevailing downward momentum, with negative signals dominating.

High probability of further declines as volatility bands tighten

For the next five trading days, the expected price range is set at $205.00 — $250.00, forming a volatility band relative to current levels and recent price swings. The probability of further price decreases is very high (over 80%), with limited prospects for a sustained upward movement. Baseline scenario: TAO consolidates between $205.00 and $250.00 as participants gauge conviction. A bullish breakout above $250.00 could see a move towards the $279.00 area, while a breakdown below $205.00 may lead to a swift decline to lower levels within this range.

Anton Kharitonov, analyst at Traders Union, sees Bittensor (TAO) locked in a firmly bearish phase, with technical indicators aligning on further downside. He notes that the hack-related network pause and post-halving supply adjustment have compounded negative sentiment. Immediate resistance sits at $250.00, and the absence of strong support raises risk of accelerated losses. "I remain defensive here — as long as TAO trades below $250.00, the bears remain firmly in control."

Previously it was reported that Bittensor (TAO) is experiencing persistent downward pressure, trading well below key moving averages with technical indicators such as MACD, ADX, and RSI confirming entrenched oversold conditions and weak momentum. Resistance remains at the Ichimoku Kijun level near $270, and analysts suggest that further declines are likely unless a decisive reversal occurs above this threshold.

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.