Bittensor (TAO) is getting increased attention because of the rising importance of decentralized AI in the crypto universe. Although analysts are talking about Bittensor (TAO) is getting increased attention because of the rising importance of decentralized AI in the crypto universe. Although analysts are talking about

Bittensor (TAO) Faces Downside Risk Unless Price Reclaims $292

  • Bittensor (TAO) risks further short-term decline if it cannot recover above the critical $292 resistance level.
  • Growing interest in decentralized AI continues to spotlight Bittensor despite recent pullbacks and market uncertainty.
  • TAO breached a symmetrical triangle pattern, indicating weakening support, with the next strong level around $260 price.

Bittensor (TAO) is getting increased attention because of the rising importance of decentralized AI in the crypto universe. Although analysts are talking about rising interest in this project, short-term market indications seem to be weakening. Technical pressure could make it a challenge for a price breakthrough in the coming days.

Bittensor Emerges in Decentralized AI

Despite the recent pullback, chatter surrounding Bittensor remains on the rise. A prominent market analyst, Money Ape, recently stated that Grayscale CEO Peter Mintzberg has been pitching the TAO token of Bittensor. As decentralized AI takes off as a possible next big story in crypto, a project such as Bittensor finds a relevant space to thrive in.

https://twitter.com/TheMoneyApe/status/2000324982002569481

Some market analysts think that decentralized AI, neural networks, and machine learning will revolutionize the future of blockchain technology. The project that gained widespread attention in this emerging market is Bittensor, which primarily works on open-source and permissionless AI development.

Also Read | Chainlink (LINK) Eyes $16 and $20 Breakout While Tracking Bitcoin Market

Bittensor at Critical Price Level

However, short-term technical indicators raise a warning flag. A different analyst, CryptoPulse, highlighted that TAO has breached a symmetrical triangle formation in a 1-hour chart, which is a normal indication of weakening support from buyers. Based on this analysis, if TAO fails to regain support above $292, it is likely that sellers will dominate.

image.pngSource: X

As such, the next strong support level to focus on will be approximately $260, where buyers may attempt to intervene. TAO is currently at a crossroads, being pulled in two different directions by interest in decentralized AI and technical analysis on the charts.

At the time of writing, TAO is trading at $281.59, recording a 24-hour trading volume of $191.79 million and a market capitalization of $2.96 billion. The token has declined by 4.08% over the last 24 hours, reflecting short-term weakness in price action.

image.pngSource: CoinMarketCap

Also Read | Bitcoin Faces Key Decision Zone: Potential Surge to $105K–$110K

Market Opportunity
Bittensor Logo
Bittensor Price(TAO)
$260.79
$260.79$260.79
-1.73%
USD
Bittensor (TAO) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Trump Cancels Tech, AI Trade Negotiations With The UK

Trump Cancels Tech, AI Trade Negotiations With The UK

The US pauses a $41B UK tech and AI deal as trade talks stall, with disputes over food standards, market access, and rules abroad.   The US has frozen a major tech
Share
LiveBitcoinNews2025/12/17 01:00
Egrag Crypto: XRP Could be Around $6 or $7 by Mid-November Based on this Analysis

Egrag Crypto: XRP Could be Around $6 or $7 by Mid-November Based on this Analysis

Egrag Crypto forecasts XRP reaching $6 to $7 by November. Fractal pattern analysis suggests a significant XRP price surge soon. XRP poised for potential growth based on historical price patterns. The cryptocurrency community is abuzz after renowned analyst Egrag Crypto shared an analysis suggesting that XRP could reach $6 to $7 by mid-November. This prediction is based on the study of a fractal pattern observed in XRP’s past price movements, which the analyst believes is likely to repeat itself in the coming months. According to Egrag Crypto, the analysis hinges on fractal patterns, which are used in technical analysis to identify recurring market behavior. Using the past price charts of XRP, the expert has found a certain fractal that looks similar to the existing market structure. The trend indicates that XRP will soon experience a great increase in price, and the asset will probably reach the $6 or $7 range in mid-November. The chart shared by Egrag Crypto points to a rising trend line with several Fibonacci levels pointing to key support and resistance zones. This technical structure, along with the fractal pattern, is the foundation of the price forecast. As XRP continues to follow the predicted trajectory, the analyst sees a strong possibility of it reaching new highs, especially if the fractal behaves as expected. Also Read: Why XRP Price Remains Stagnant Despite Fed Rate Cut #XRP – A Potential Similar Set-Up! I've been analyzing the yellow fractal from a previous setup and trying to fit it into various formations. Based on the fractal formation analysis, it suggests that by mid-November, #XRP could be around $6 to $7! Fractals can indeed be… pic.twitter.com/HmIlK77Lrr — EGRAG CRYPTO (@egragcrypto) September 18, 2025 Fractal Analysis: The Key to XRP’s Potential Surge Fractals are a popular tool for market analysis, as they can reveal trends and potential price movements by identifying patterns in historical data. Egrag Crypto’s focus on a yellow fractal pattern in XRP’s price charts is central to the current forecast. Having contrasted the market scenario at the current period and how it was at an earlier time, the analyst has indicated that XRP might revert to the same price scenario that occurred at a later cycle in the past. Egrag Crypto’s forecast of $6 to $7 is based not just on the fractal pattern but also on broader market trends and technical indicators. The Fibonacci retracements and extensions will also give more insight into the price levels that are likely to be experienced in the coming few weeks. With mid-November in sight, XRP investors and traders will be keeping a close eye on the market to see if Egrag Crypto’s analysis is true. If the price targets are reached, XRP could experience one of its most significant rallies in recent history. Also Read: Top Investor Issues Advance Warning to XRP Holders – Beware of this Risk The post Egrag Crypto: XRP Could be Around $6 or $7 by Mid-November Based on this Analysis appeared first on 36Crypto.
Share
Coinstats2025/09/18 18:36
Truoux: In the Institutionalized Crypto Markets, How Investors Can Strengthen Anti-Scam Awareness

Truoux: In the Institutionalized Crypto Markets, How Investors Can Strengthen Anti-Scam Awareness

As the crypto market draws increasing attention from institutions, investors must remain vigilant, guard against various scam tactics, and rationally choose compliant
Share
Techbullion2025/12/17 01:31