Against the backdrop of a general rise in altcoin prices, the price of Bittensor (TAO) has slightly increased. Trading volume has decreased, but investor interest remains high.
Current Price Analysis of TAO
Today, the price of Bittensor (TAO) is trading at around $431.53, rising 1% from previous figures. However, over the last 24 hours, trading volume has decreased by 7.4%, totaling $200 million, which indicates reduced activity among short-term traders. TAO is moving in sync with the overall trends of altcoins as Bitcoin dominance rises to 60.84% and the Fear & Greed Index cools down to 67.
Short-Term Price Predictions
If the TAO price remains above the $428-430 level and breaks above $434, the next target will be around $440-445, which acted as resistance last week. On the downside, if Bittensor fails to hold the 30 EMA and breaks below the orange trendline, the key level will be near $417-420. A loss of this zone may see the price revisit the broader demand area around $390-400.
Conclusion and Outlook
TAO continues to fight off declining trading volume and rising Bitcoin dominance. As long as it holds above the $428 support zone and maintains the higher low sequence, short-term price action looks healthy. With strong institutional interest and subnet growth, TAO could push higher if the altcoin market stabilizes.
The outlook for Bittensor (TAO) appears promising if key levels are maintained. Investors continue to watch market developments closely.
