Bittensor falls as seller pressure weighs on price action

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Bittensor drops 7% to $207.1 today

Highlights

The OpenTensor Foundation introduced Gamma Tokens to enable streamlined payments and consolidated wallet functionality across the Bittensor network.
Bittensor upgraded its wallet infrastructure with quantum-resistant features and automated key rotation for enhanced security and asset integrity.
TAO/USD trades under persistent seller pressure, expected between $200.2 to $214 in the next 2 to 3 sessions, with technical indicators showing strong downside momentum but short-term oversold conditions.

Network upgrades and token launch coincide with seller-led price weakness

The OpenTensor Foundation has launched Gamma Tokens, introducing a native payment system that allows users and AI agents to pay for subnet services more easily with a unified wallet, aiming to streamline transactions across the Bittensor network, according to TokenPost. This initiative is designed to reduce onboarding barriers and operational complexity but was accompanied by a weak price environment as sellers dominated. In addition, Bittensor’s implementation of a quantum-resistant wallet upgrade, with support for post-quantum signatures and automated key rotation covering both coldkeys and hotkeys, was reported by Hoge, improving the security and integrity of asset management across the network.

Oversold signals emerge amid intraday volatility and downward bias

TAO/USD trades below the MA-20, MA-50, and MA-200, signaling persistent downward momentum across all observed timeframes. The Ichimoku Kijun is set as immediate resistance at $218.3. Current price action is near the session's low of $207.1 after a notable gap down and volatile decline. Technical indicators are mixed: MACD and ADX highlight an intraday momentum sell bias, with sellers prevailing, while the RSI remains neutral. The Stochastic RSI and CCI are both in oversold territory, hinting at possible selling exhaustion, although no reversal is confirmed. Bull/Bear Power is negative, underscoring intraday seller dominance, and the Awesome Oscillator aligns with this trend. Oversold oscillators indicate that an intraday rebound could occur if the selling pressure wanes.

Sideways range projected as downside risk remains dominant

Short-term projections for TAO/USD point toward a probable sideways phase, with the expected trading range between $200.2 and $214 over the next 2-3 sessions. Statistical models assign a 78% probability to further downward movement, compared to a 22% chance of a rebound. The primary scenario suggests price will oscillate between immediate support and resistance. A bullish scenario would require a sustained reclaim and hold above the $218.3 resistance, while a break below $200.2 support could prompt an extension of the current downtrend.

Anton Kharitonov, expert at Traders Union, sees Bittensor (TAO) trapped in strong selling pressure despite fundamental network upgrades. He notes the launch of Gamma Tokens and wallet improvements, but technicals remain decidedly bearish with price below all key moving averages. Kharitonov highlights negative momentum and only faint signs of exhaustion in oversold oscillators. "Base case remains sideways to down while $218.3 holds as resistance — I see no evidence to trust the upside yet."

Earlier, analysts noted that Bittensor was experiencing persistent selling pressure despite improvements in network revenue and user engagement. The latest technical and structural updates confirm ongoing downside risks, with price action now highlighting $200.2 as a critical support level to monitor for potential further declines.

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.