The Bittensor (TAO) token continues to face challenges following a significant price drop in August. This article reviews current market conditions and anticipated short-term forecasts.
Current Price and Market Conditions
Currently, the TAO token is trading around $335. The market still appears unstable, and high volatility makes the next 24-48 hours critical.
TAO Chart Analysis
Looking at the 4-hour chart, TAO's price is trapped in a wide range. Buyers are actively defending the $316–$320 level, while resistance is forming around $372–$376. This creates a fluctuation range between $330 and $350.
Short-Term Outlook
In the coming days, TAO is expected to remain within the $316–$375 range. If the price breaches the $350 level, it may lead to further growth towards the $395–$405 zone. Conversely, slipping below $316 could result in a drop to $300.
In conclusion, the current state of the Bittensor (TAO) market is characterized by uncertainty, and further price movements will depend on the ability to hold above key levels.
