Bittensor news: slides toward $266.30 — MACD and RSI point to continued sell pressure

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Bittensor slides 9.39% today

Highlights

Bittensor's upcoming halving event has prompted traders to reduce leverage positions, leading to a more controlled correction phase in the market.
Liquidation activity has been balanced without significant spikes since early October, indicating measured risk management among market participants.
Investors are closely monitoring potential tokenomic changes as Bittensor's evolving structure remains in focus ahead of the halving event.

Halving event drives leverage cuts amid stable liquidations

The market is focused on Bittensor's upcoming halving event, which has driven traders to reduce leverage positions and contributed to a more controlled correction phase. While activity in liquidations has been balanced without significant spikes since early October, attention remains on potential tokenomic changes. Market participants are watching Bittensor's evolving structure closely.

Oversold momentum persists as resistance limits potential recovery

The nearest resistance is the Ichimoku Kijun level at $338.90, and no significant dynamic support exists above the current price. Momentum remains negative, with MACD indicating a strong sell signal and ADX at 18.15 showing a weak trend. Oscillators highlight oversold conditions as RSI and CCI both signal selling pressure, while Stoch RSI and BBP confirm seller dominance across multiple timeframes. Today, TAO opened lower, gapping down from $293.90 to $281.80, and remains near the session low within a range of $266.00 to $281.80 amid moderate to high volatility.

Consolidation seen as downside risk outweighs bullish breakout

Over the next five trading days, TAO is expected to consolidate within a typical volatility band of $240.00 to $290.00, reflecting recent swings and the prevailing downward bias. A breakout above $290.00 would be required for a bullish move toward resistance at $338.90, but current momentum does not support this scenario. If TAO breaks below $240.00, further selling could develop toward lower support levels.

Anton Kharitonov, expert at Traders Union, sees persistent selling pressure dominating Bittensor (TAO) as it trades well below key moving averages. He notes that negative momentum and oversold technical signals show little sign of immediate recovery. News around the halving event has tempered aggressive selling, but not reversed the downtrend. "Base case remains defensive — until TAO reclaims $290.00, I remain cautious and expect weakness to persist."

Previously, it was noted that the short-term outlook for TAO was described as balanced and momentum indicators remained neutral. Last time we reported that TAO was expected to consolidate in the $402.80 to $408.30 range with potential for volatility.

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.