Renewed buyer interest pushes price higher

Traders Union
All News
Crypto
Bittensor jumps 12.38% to $196.10 today

Highlights

Bittensor has attracted renewed buying following multiple failed attempts by bulls to push the price to $200, forming a consolidation range.
Although recent gains reflect upside momentum, the long-term trend remains bearish and sustained bullish confirmation is absent.
Technicals indicate short-term upside and high volatility, but momentum signals are mixed and the baseline scenario is sideways trading between $176 and $205.

Renewed buyer interest as range forms after failed $200 rallies

Bittensor is showing renewed buying interest after several failed attempts by bulls to push its price to $200 led to a short-term range formation. The asset's long-term trend has not shifted to bullish, but current conditions may be generating new entry opportunities. Recent gains have been driven by a rally toward $200 on March 7, with selling pressure emerging afterward.

Mixed momentum signals as price nears session highs amid volatility

TAO is currently trading above the 20-day Moving Average ($180.19) and the 50-day Moving Average ($193.63), but well below the 200-day Moving Average ($290.20). This suggests short-term momentum has shifted bullish while medium- and long-term trends remain under downward pressure. The Ichimoku Kijun level is $179.75, which is below the current price and now serves as immediate support. Momentum signals on the daily timeframe are mixed: the MACD indicates strong selling pressure, but the ADX shows a neutral trend with low strength. Momentum oscillators present a divergence — RSI is weak near 49 with a Sell signal, while the Stochastic RSI and Bull/Bear Power both indicate overbought conditions and dominant buyer pressure. The Awesome Oscillator is neutral and does not clearly confirm today’s uptrend. TAO opened higher than the previous close, forming a noticeable upward gap, and the price is currently near the intraday high of the session ($199.10), reflecting high volatility and pronounced strength toward the highs.

Downside risk prevails as sideways action likely amid weak momentum

In the next five sessions, the expected trading range for TAO is $176 to $205, reflecting a volatility band of approximately ±15% of the current level. There is a very low probability (less than 20%) of a sustained upward breakout, while the odds of a decline are more pronounced, supported by weak weekly momentum and continued selling signals on higher timeframes. The baseline scenario involves mostly sideways movement with frequent retests of support and resistance near current levels. An upside scenario would require a firm breakout above $205, while a drop below $179–$180 would expose TAO to downside risk and possible retests of lower support.

Anton Kharitonov, expert at Traders Union, sees short-term signs of strength in Bittensor (TAO) but notes that the overall trend remains bearish. He believes recent momentum is driven by renewed buying interest, yet technical indicators provide mixed signals and suggest caution. Failure to break above $205 or a drop below $179–$180 could trigger renewed downside. "Until TAO decisively reclaims the 200-day average and overcomes persistent selling pressure, I remain cautious and view this bounce as a temporary reprieve, not a trend reversal."

Previously it was reported that Bittensor remains under pressure, trading below key short- and long-term moving averages, with technical indicators such as MACD, ADX, and RSI pointing to weak and declining momentum. Immediate resistance is seen at the Ichimoku Kijun near $179.75, and with little evidence of bullish reversal, the asset is likely to remain range-bound with support around $174.00 and downside risk persisting.

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.