Bittensor Price Falters at Critical Resistance

The price of Bittensor (TAO) is currently trading at $197.24, marking an increase of 3.11% in the past 24 hours.

The strong bullish surge in trading volume has risen by 51.87%, with a current standing volume of $99.38 million.

Over the last week, the TAO price has gone up by 0.47%, according to CoinMarketCap.

CoinCodex projects that the token will reach $147.09 by the end of this period, indicating a 25% decline from its current market price.

Analyst CryptoTXG noted that TAO failed to break above the critical resistance level of $214 and faced strong rejection, leading to a pullback in price.