Bittensor's TAO Price in Free Fall as Bearish Momentum Takes Hold
Bittensor's (TAO) price continues to slide under bearish pressure after breaking below a key support level, indicating strong seller dominance. Technical indicators suggest weak buying momentum, hinting at an ongoing downtrend.
According to CoinMarketCap, TAO is currently trading at $186.96 with a 24-hour trading volume of $137.18 million and a market capitalization of $2.09 billion. Despite the 3.31% loss over the last 24 hours, the TAO price structure hints at a potential bullish reversal.
However, Alpha Crypto Signal highlights that the TAO price has broken below a key horizontal support level, weakening its short-term market structure and signaling growing bearish momentum. As long as TAO remains below this zone, downside pressure is expected to persist, keeping buyers on the defensive.