Bittensor is starting to lose momentum after failing to break higher—twice.
The price is sitting around $325 and has dropped after getting rejected again near the $355–$371 zone. That level has now acted as strong resistance for months, and the second rejection confirms sellers are still in control.
The technical picture is also turning weaker.
The MACD indicator has now flipped bearish, meaning upward momentum is fading. It’s not a crash signal yet, but it clearly shows the recent rally is losing strength.
Here’s the situation in simple terms:
- TAO tried twice to break above ~$370 and failed both times
- The second attempt was weaker (a lower high), which is a negative sign
- Momentum is now shifting downward
Key levels to watch:
- Around $313 → first short-term support
- $297 → major support zone (very important)
- $263 → next downside target if $297 breaks
On the upside:
- A strong daily close above $371 would completely change the picture and turn things bullish again
There is still a slightly positive angle. Some analysts, like Michaël van de Poppe, see this as a normal pullback after a strong rally, not a full trend reversal.
Also, institutional interest hasn’t disappeared. Grayscale Investments has increased its exposure to TAO and is even pushing toward an ETF structure. That doesn’t guarantee price support right now, but it helps the longer-term outlook.
So in plain terms: TAO isn’t crashing, but it’s clearly cooling off. Everything now depends on whether it can hold the $297 level—or break below it and slide further.
