-7.40% for Bittensor — Bearish trend persists below technical support levels

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Bittensor slides 7.40% to $175.20 today

Highlights

TAO remains under sustained bearish pressure, trading below critical short-, medium-, and long-term moving averages.
Momentum is weak and declining across major indicators, with intraday action confirming persistent seller dominance and high volatility.
Expect TAO to trade between $158.00 and $192.00 over the next five days, with further downside likely unless $180.00 is decisively reclaimed.

Persistent downside risk as technicals highlight weak momentum

Technically, TAO's position below the major moving averages highlights persistent weakness in both the short and long term, with the Ichimoku Kijun at $179.75 forming immediate resistance. Indicators such as MACD and ADX show weak and declining momentum, while both RSI and CCI remain in selling territory. The Stochastic RSI is neutral overall but signals oversold conditions on shorter intraday timeframes. Bull/Bear Power briefly indicated buyer activity on the daily chart, yet the broader session stayed negative as TAO opened below the previous close and traded near session lows amid heightened volatility, with no significant bullish divergences detected.

Range-bound outlook prevails as recovery odds remain limited

In the next five trading days, TAO is expected to fluctuate within a volatility band of $158.00 to $192.00 relative to current levels. The probability of a sustained price recovery is low, as momentum and trend indicators remain bearish or neutral on daily and weekly views. A sideways range appears most likely if persistent selling continues without a severe breakdown. However, a confirmed close above the Ichimoku Kijun and $180.00 could prompt a test of the $192.00 area, while a move below $174.00 may accelerate declines toward $158.00 before potential stabilization.

Anton Kharitonov, expert at Traders Union, notes that TAO remains technically weak as it trades below all major moving averages. He sees bearish momentum and absent bullish signals, with volatility pointing to a likely sideways or lower move in the coming days. There are no clear signs of recovery while resistance holds at $179.75 and support sits near $158.00. "Until TAO closes decisively above $180.00, I see no reason to trust any upside bounce."

Previously it was reported that Bittensor is experiencing a short-term recovery, now trading above its 20-day moving average but remaining below its 50- and 200-day averages, with current technicals reflecting mixed momentum: the MACD and Stochastic RSI indicate sell signals while intraday oscillators and the Awesome Oscillator reveal strong, albeit potentially overbought, buying pressure. Immediate support lies near $179.75 with resistance around the $197–$200 zone, suggesting a likely period of price consolidation amid heightened volatility.

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.