Bittensor Upgrades Could Push TAO Token Above $220 Resistance Zone

The Bittensor token (TAO) has been experiencing a decline in price since peaking at $292.2 in late June, but recent selling pressure has slowed down significantly.

A falling wedge pattern is forming on the chart, which typically indicates weakening bearish conviction rather than new selling pressure.

The token's support level of $182.5 has been defended multiple times since January and remains a crucial point for the current structure.

Momentum indicators such as the RSI and MACD show that the bearish trend is losing steam, suggesting a potential reversal in price.