Will Bittensor see further losses as seller pressure dominates?

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Bittensor drops 7.43% to $218.1 today

Highlights

Bittensor subnets are generating approximately $70 million in annualized revenue, doubling from $35 million in just two months.
The surge in on-chain revenue points to increasing user and protocol activity, indicating broader network adoption.
TAO/USD trades below critical moving averages, with indicators overwhelmingly bearish and the expected short-term range at $197.1 to $223.09.

Revenue surge contrasts with sustained selling as adoption grows

Bittensor subnets have generated approximately $70 million in annualized revenue, according to Cryptobriefing, doubling from $35 million over the past two months. This notable growth in on-chain earnings reflects a substantial increase in user and protocol engagement, suggesting expanding utility and network adoption. However, these supportive underlying metrics have been accompanied today by ongoing selling pressure.

Bearish momentum prevails as key supports and oscillators weaken

TAO/USD trades below the MA-20 ($231.94) and MA-50 ($230.16) on the hourly chart, as well as under the MA-200 ($242.5) on the daily timeframe. The Ichimoku Kijun at $226.15 serves as immediate resistance. Momentum indicators, including MACD and ADX, confirm bearish conditions; intraday selling is further evidenced by Bull/Bear Power at -8.43 and a negative Awesome Oscillator reading. RSI, Stoch RSI, and CCI all reside in oversold zones, highlighting the potential for short-term exhaustion but lacking a clear signal for reversal.

Downside risk dominates near-term as rebound odds remain limited

Over the coming 2 to 3 sessions, TAO is expected to move within a range of $197.1 to $223.09, representing a typical volatility band relative to current levels. Probability strongly favors continued downside in the short term, with rebound scenarios at a distinctly lower likelihood. Consolidation within this corridor remains the baseline scenario unless price reclaims the $226.15 resistance; a further breakdown below $197.1 would open the door to additional declines.

Viktoras Karapetjanc, Senior Analyst at Traders Union, sees Bittensor’s doubling of annualized subnet revenue as a powerful fundamental signal of protocol expansion. He believes rising on-chain activity underlines long-term network value, even as near-term price action remains under downside pressure. Karapetjanc is confident that the surge in network usage can provide a solid base for future recovery if price stabilizes. "Provided these fundamental gains persist, I expect the market to eventually recognize renewed upside potential for TAO."

Earlier, analysts noted that Bittensor remained under sustained downside pressure, with bearish technical indicators and heightened volatility characterizing its near-term outlook. The current article strengthens this view, as persistent selling continues despite robust growth in network revenues, making the $197.1 level a critical downside threshold to monitor in the upcoming sessions.

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.