TAO price falls 6% as Bittensor faces rising competition
On September 25, TAO — the cryptocurrency of the decentralized machine learning network Bittensor, aiming to dominate this market — fell 6%, briefly touching $291. At the time of writing, TAO had recovered above $301, but overall sentiment across the crypto market remains weak.
Over the past 7 days, TAO lost 19% of its value, similar to several other top 100 cryptocurrencies, slipping below key moving averages. Technical indicators such as MACD (–5.2) and RSI (38.36) remain in bearish territory, signaling insufficient demand to fuel growth.
Investors need a catalyst to buy the dip
Bittensor positions itself as the “Bitcoin of AI tokens” and has already gained traction in the market: corporate treasuries like TAO Synergies have emerged, exchange-traded products such as the ETP offered by Sweden’s Safello are available, and hackathons along with ecosystem-building events have been driving awareness.
However, the market is seeing increasing competition from decentralized AI projects offering similar services. Investor capital is being spread thin, and staking appears less attractive amid volatility and price declines.
TAO daily chart. Source: Trading View
For TAO to signal recovery and return to bullish territory, fresh catalysts are needed — such as institutional inflows, new listings, or subnet expansions that boost adoption. Broader market conditions also need to support “buying the bottom,” pushing altcoin prices higher.
Without this, TAO will struggle to break the resistance zone at $306–$310 and retest its key SMAs: $339 (SMA 20) and $357 (SMA 100). Looking ahead, a major factor shaping TAO’s price will be December’s halving, which will cut miner rewards in half, reduce emission, and potentially ease market supply pressure.
As we wrote, Barry Silbert: Bittensor ecosystem grows with institutional entry
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