TAO Token Resists Bearish Pressure as Daily Trend Remains Intact

The cryptocurrency market has seen a decline of 3.42% over the past 24 hours, but Bittensor's TAO token remains in an uptrend on its daily chart.

As of September 8, 2026, TAO is trading at $253.10, still above all three major daily EMAs: the 20-day EMA at $233.12, the 50-day at $221.56, and the 200-day at $234.92.

The daily chart shows a bullish stack in terms of positioning, with RSI at 61.33 backing the read without approaching overbought territory, while the MACD line at 10.58 stays above the signal at 8.46 with a positive histogram of 2.12.

However, the hourly and 15-minute charts show a bearish EMA alignment, with RSI readings below 40 and negative MACD components across both timeframes.