Bittensor (TAO) remains under pressure as it approaches a critical resistance zone. Let's explore the current price dynamics and possible scenarios for traders.
Price Movement Structure of TAO
Since December 2024, TAO's price has been in a long-term downtrend. This trend is characterized by a pattern of lower highs and lower lows, with the trendline acting as a key resistance level.
Currently, the price hovers around $233, just below the resistance zone between $260 and $270. If this structure holds, TAO could face renewed selling pressure, especially if it breaks below the recent higher low around $225.
Support Zones of Bittensor
Despite the downward trend, TAO has found strong buying support at key levels. The $150–$165 area has served as a reliable support level, with two strong bounces recorded throughout March 2025.
In recent movements, Bittensor has also established a higher low in the $210–$225 range. This indicates that buyers are entering the market earlier, potentially preparing for a breakout.
Final Thoughts on Bittensor
TAO is currently at a decision point. The price structure is shifting, and higher lows are forming, but the downtrend remains unbroken. A breakout above $270 would confirm a trend reversal and could lead to a rise towards $325 or higher. Conversely, if support around $225 breaks, the price may fall back to $180 or retest the $165 level.
The current situation surrounding Bittensor (TAO) requires careful monitoring. Despite some signs of recovery, waiting for a confirmed breakout may be the safer entry strategy.
