Technical selling pressure intensifies

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Bittensor slides 7.09% today

Highlights

TAO is trading at $212.30, well below its MA-20 ($256.14), MA-50 ($251.00), and MA-200 ($329.82), reflecting persistent downside pressure across all timeframes.
Momentum indicators (MACD, ADX, Stochastic RSI, CCI, Bull/Bear Power, RSI, Awesome Oscillator) unanimously signal a bearish trend with continued seller dominance and no reversal in sight.
Short-term trading range is projected at $205.00–$230.00 with an 80%+ probability of further declines, while a breakdown below $205.00 risks additional downside.

Bearish momentum sustains as sellers dominate amid high volatility

Dynamic resistance is seen near the Ichimoku Kijun at $258.85, while any immediate support is likely to form at round levels slightly below today’s range unless the downtrend accelerates further. Momentum remains negative, with the MACD and ADX on the daily timeframe both signaling a sell as bears maintain control. Oversold readings are clear on the Stochastic RSI, CCI, Bull/Bear Power, and RSI, while Bull/Bear Power shows continued seller dominance; the Awesome Oscillator reinforces the bearish tone. The session opened with a slight gap down from $228.50 to $221.60 and has drifted toward the lower end of today’s range at $211.50–$222.60, demonstrating high intraday volatility and persistent pressure after the open. This sharp decline and weak price action are in line with negative momentum readings, and no meaningful divergence appears among the major oscillators and trend indicators.

Further declines likely as weak technicals limit rebound potential

Looking ahead to the next five trading days, the short-term range is expected between $205.00 and $230.00. Probability for a further decrease is very high (more than 80%), while a rebound is far less likely. The baseline scenario suggests price will oscillate within a sideways band as technicals remain weak. A bullish scenario would require a break above $230.00 and sustained buying above resistance, while a bearish scenario emerges if the price breaks down through $205.00, exposing further weakness. All major indicators confirm persistent selling pressure and a lack of clear reversal signals on the daily and weekly charts.

Anton Kharitonov, expert at Traders Union, sees persistent bearish momentum for Bittensor (TAO), with price action dominated by strong selling pressure below all major moving averages. The technical setup points to high volatility and further downside risk, while oversold signals persist. He remains cautious as no reversal signals are evident on the daily or weekly charts. "Until TAO reclaims $230.00 with conviction, the bearish case is intact and long trades remain highly speculative."

Last time, analysts noted that Bittensor continues to trade below key moving averages, with persistent bearish momentum confirmed by weak RSI and negative MACD readings, while most oscillators indicate oversold conditions amid elevated intraday volatility. The asset faces dynamic resistance at the Ichimoku Kijun level, and although oversold signals may slow further declines, downside risk remains elevated unless a decisive move above key resistance occurs.

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.