* TAO is testing its 200-day moving average near $262, a level many traders see as a major turning point for the market.
* TAO is down roughly 66% from its all-time high, but buyers continue defending the key $240-$250 support zone.
* Bittensor’s halving event and growing AI subnet ecosystem are still supporting the long-term outlook despite weak short-term momentum.
When you step back and look at the TAO price, it makes sense why traders have stayed cautious for so long. Bittensor is still down more than 66% from its all-time high near $757-$768, and the chart has spent months printing lower highs as selling pressure controlled the market.
But things are starting to get interesting again.
Right now, the TAO price is testing the 200-day moving average near $262, one of the biggest levels traders are watching. After breaking below it on heavy volume, TAO quickly climbed back toward the same zone, cutting the gap from more than $5 down to about $1.30.
Momentum indicators are also calming down after weeks of weakness. RSI has bounced slightly toward 41.65, and the MACD histogram has started turning positive even though the broader trend still looks bearish. The one thing bulls still need is stronger volume. The breakdown below the 200-day moving average came with roughly 28.94K TAO in volume, but the recovery bounce only showed around 15.45K TAO, meaning buyers still haven’t fully stepped in with conviction.
We also checked the 4-hour chart, and the broader structure still shows lower highs since the April rally faded. TAO remains below a descending resistance trendline, and the 100-period moving average near $293.6 is still acting as a major barrier overhead. At the same time, the $240-$250 support zone keeps holding, and buyers have defended that area multiple times already.
Right now, the TAO price is sitting at a real make-or-break zone. If buyers manage to reclaim the 200-day moving average near $262 with stronger volume, traders will likely start eyeing the $280 region next, followed by the $300-$320 area if momentum keeps improving.
But the downside risks are still there. If TAO loses the $240-$250 support zone again, traders will likely start watching the $220-$230 area next. CoinCodex’s 1-month TAO price prediction also points toward $192.77, showing some analysts still expect another leg lower before a bigger recovery can fully begin.
* TAO is down roughly 66% from its all-time high, but buyers continue defending the key $240-$250 support zone.
* Bittensor’s halving event and growing AI subnet ecosystem are still supporting the long-term outlook despite weak short-term momentum.
When you step back and look at the TAO price, it makes sense why traders have stayed cautious for so long. Bittensor is still down more than 66% from its all-time high near $757-$768, and the chart has spent months printing lower highs as selling pressure controlled the market.
But things are starting to get interesting again.
Right now, the TAO price is testing the 200-day moving average near $262, one of the biggest levels traders are watching. After breaking below it on heavy volume, TAO quickly climbed back toward the same zone, cutting the gap from more than $5 down to about $1.30.
Momentum indicators are also calming down after weeks of weakness. RSI has bounced slightly toward 41.65, and the MACD histogram has started turning positive even though the broader trend still looks bearish. The one thing bulls still need is stronger volume. The breakdown below the 200-day moving average came with roughly 28.94K TAO in volume, but the recovery bounce only showed around 15.45K TAO, meaning buyers still haven’t fully stepped in with conviction.
We also checked the 4-hour chart, and the broader structure still shows lower highs since the April rally faded. TAO remains below a descending resistance trendline, and the 100-period moving average near $293.6 is still acting as a major barrier overhead. At the same time, the $240-$250 support zone keeps holding, and buyers have defended that area multiple times already.
Right now, the TAO price is sitting at a real make-or-break zone. If buyers manage to reclaim the 200-day moving average near $262 with stronger volume, traders will likely start eyeing the $280 region next, followed by the $300-$320 area if momentum keeps improving.
But the downside risks are still there. If TAO loses the $240-$250 support zone again, traders will likely start watching the $220-$230 area next. CoinCodex’s 1-month TAO price prediction also points toward $192.77, showing some analysts still expect another leg lower before a bigger recovery can fully begin.
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Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.