Bittensor slides 7.81% as sellers drive price toward $255 support

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Bittensor slides 7.81% to $257.20

Highlights

Bittensor reports a circulating supply of 10,949,874 tokens, clarifying available float and limiting near-term dilution risk.
No new corporate actions or regulatory events were announced, supporting stable short-term fundamentals for the token.
TAO price remains in a bearish trend below key technical levels, with sellers dominating and expected to trade between $245.00 and $275.00.

Circulating supply clarity shapes liquidity as no fresh events emerge

Bittensor's current circulating supply has been disclosed as approximately 10,949,874 tokens out of a total capped supply of 21,000,000. This figure provides clarity on the token's available float, shaping the liquidity profile and setting boundaries for potential dilution in the immediate market context. No notable corporate actions or regulatory events have been reported during the period.

Bearish momentum confirmed as TAO presses intraday lows and breaks technicals

TAO is trading just below the SMA-20 at $285.53 and the SMA-50 at $272.95, while sitting nearly level with its SMA-200 at $257.24. The Ichimoku Kijun on the daily chart marks overhead resistance at $293.20. Today witnessed a gap down from the previous close of $279.00 to an opening price of $267.20; price action has remained weak near the session's low of $255.50 within an intraday range of $255.50–$267.20. Momentum indicators add to the bearish picture: MACD has produced a Sell signal, ADX registers a weak 16.74 (reflecting the absence of a strong trend), RSI reads at 44.79, CCI stands at –53.52, and Stoch RSI is at 28.76, with some oversold signals visible on the shortest intraday timeframes. Bull/Bear Power (BBP) currently favors sellers, while the Awesome Oscillator (AO) confirms the negative trend. These technicals underscore pronounced bearish pressure without signs of technical reversal.

Sideways-to-lower bias likely as volatility and negative signals dominate

For the coming five trading sessions, volatility is expected to keep TAO within a $245.00–$275.00 band, reflecting recent momentum and intraday price swings. With negative signals dominating across weekly SMA-50, RSI, and MACD, the probability of a near-term upside move is estimated at less than 20%. The base scenario involves continued sideways-to-lower trading as sellers retain control. Upside scenarios would require a clear breakout above the $275.00–$280.00 zone, while a daily close below $255.00 could expose further downside toward the $245.00 support area.

Anton Kharitonov, expert at Traders Union, sees ongoing bearish momentum in Bittensor (TAO) after its decisive break below major moving averages. He notes weak technical structure, with short-term indicators confirming a lack of buyer conviction. The analyst highlights that the current circulating supply sets a clear liquidity context, but with no supporting corporate or regulatory shifts, risk remains to the downside. "Until TAO can decisively reclaim $275.00, my base case remains sideways to lower — this is a market for defense, not aggression."

Earlier, analysts noted that Bittensor was experiencing a period of technical uncertainty with mixed signals and a prevailing downside bias. The latest decline below pivotal moving averages strengthens the bearish outlook, making sustained weakness the base case while a definitive break above $280 would be required to shift sentiment.

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.