Bittensor price forecast: Support pressure grows near $212.9

Traders Union
All News
Crypto
Bittensor drops 6.24% to $222.2 today

Highlights

Bittensor's TAO is now accessible on Robinhood Chain using a Chainlink CCIP-enabled Forever Money bridge, providing users with a wrapped token on the new L2 chain.
The bridge preserves Bittensor's consensus mechanism and aims to support broader transactional access and potential future liquidity growth.
TAO trades below key moving averages with strong bearish momentum, an oversold reading, and is expected to consolidate in the $212.9 to $231.5 range.

Access widens via Robinhood Chain but price under selling pressure

Bittensor's TAO became available on Robinhood Chain through a Forever Money bridge built using Chainlink CCIP, according to Coingape. This integration allows users to access a wrapped version of TAO on the new L2 chain while preserving the underlying network's consensus mechanism. The bridge is designed to broaden transactional access and may gradually support future liquidity or user growth, though price action has remained under broader selling pressure.

Oversold signals and bearish momentum as resistances hold

The price is positioned below the MA-20 at $227.54, MA-50 at $231.96, and MA-200 at $239.38, with the Ichimoku Kijun level at $228.85 forming the closest resistance on technical charts. Momentum readings are negative as both MACD and ADX issue Sell signals, while RSI at 30.34, Stoch RSI, CCI, and Bull/Bear Power all reflect an oversold and seller-dominant environment. The Awesome Oscillator remains neutral, not confirming either bullish or bearish intraday momentum.

Sideways action expected as sellers dominate and reversal unlikely

Over the next one to two trading days, TAO is expected to consolidate within a volatility range of $212.9 to $231.5. An upward reversal appears unlikely barring a sustained close above resistance at $228.85, while the probability of a downside break below $212.9 remains high. The baseline scenario calls for continued sideways movement as sellers maintain control.

Anton Kharitonov, expert at Traders Union, sees persistent technical weakness in Bittensor (TAO) despite the positive development of its integration with Robinhood Chain. He notes that price is firmly below major moving averages and technical momentum indicators are negative. Broader selling pressure is dominating even as the bridge launch expands potential access. "Until TAO reclaims $228.85, I remain defensive — the base case is further sideways or downside movement."

Earlier, analysts noted that Bittensor was experiencing heightened volatility with a prevailing downside bias driven by sustained selling pressure. The current update confirms continued technical weakness, and traders should monitor the $212.9 level as a potential trigger for an additional downward move if bearish momentum persists.

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.