Bittensor (TAO) Price Faces Bearish Pressure as Sellers Maintain Control

Bittensor's (TAO) price continues to feel the weight of bearish pressure after breaking below a key support level. According to Alpha Crypto Signal, this breakdown has weakened the asset's short-term market structure and signaled growing bearish momentum. Sellers have taken control, with the former support now acting as resistance. As long as TAO remains below this zone, downside pressure is expected to persist, keeping buyers on the defensive.

The recovery of the damaged level would reverse the bearish pattern and imply a strong buying force once again. If bulls regain control of the level, the TAO price may start gathering momentum to move towards $200.

Momentum indicators support the bearish outlook, with the RSI positioned at 37.6, lower than the neutral 50 but still far from oversold levels. The MACD stays in the negative area with flat signal lines, and bears continue maintaining their momentum although selling pressures have somewhat eased off.