Bittensor TAO is currently trading at $262.49, reflecting a 1.22 percent daily decline. Market activity also softened, with 24-hour trading volume sliding 17.51 percent to $122.24 million. Over the past week, TAO has remained under pressure, recording a cumulative drop of nearly 13 percent from recent levels, highlighting a cautious sentiment among short-term participants.
The latest price action comes as broader cryptocurrency markets experience uneven momentum, with traders increasingly selective amid tightening liquidity conditions. TAO’s inability to reclaim higher levels has kept the token confined near recent lows, suggesting that investors remain wary of committing fresh capital until clearer technical signals emerge across major digital assets.
According to market analyst CryptoPulse, TAO recently broke down from a symmetrical triangle formation, a pattern often associated with periods of consolidation before sharp moves. Following the breakdown, prices accelerated lower, quickly reaching a lower-timeframe support zone and delivering roughly 10 percent downside from the pattern’s resolution.
Although the token has since staged a modest rebound from that area, CryptoPulse noted that selling pressure remains elevated and momentum indicators have yet to signal a decisive shift in favor of buyers.
The analyst added that patience may be warranted under current conditions. Rather than chasing a short-lived bounce, traders are monitoring the next significant daily demand zone near the $235 level. This area is viewed as a region where stronger buyer interest could emerge, potentially providing a more stable base if broader market conditions allow.
Also Read | Bittensor (TAO) Faces Downside Risk Unless Price Reclaims $292
According to DigitalCoinPrice, TAO could regain upward traction over the course of the year. The platform indicates that after experiencing notable weakness in early January, the token may gradually recover and attempt to surpass the $307.72 level by year-end.
More optimistic scenarios outlined by market observers anticipate that, if momentum strengthens and network fundamentals support renewed interest, TAO could eventually challenge its previous all-time high near $767.68. In such a case, analysts expect the token to consolidate within a higher range, potentially between $294.64 and $307.72 in the near term.
While these projections remain speculative, they highlight the contrast between short-term technical fragility and longer-term expectations of growth within the Bittensor ecosystem.
Also Read | Bittensor (TAO) Technical Analysis Highlights Demand Zone Supporting $2,000 Upside


