$TAO Analysis

Bittensor has experienced a turbulent stretch, marked by sharp price swings and ongoing pressure from both buyers and sellers. After a promising 8% gain on Saturday pushed TAO to $464, bulls attempted a push toward the critical $500 resistance. However, momentum quickly shifted as bearish sentiment returned on Sunday, sending the price down to an intraday low of $439 before closing at $458.

The start of the new week saw heightened volatility. On Monday, TAO slipped slightly to $456 as sellers began to edge out buyers. Tuesday brought a brief reprieve, with the token climbing 1.26% to $462. However, this upside was short-lived, as Wednesday’s session closed 1.37% lower at $455.

Selling pressure intensified on Thursday, driving TAO to an intraday low of $418 before settling at $435 marking a 4.42% decline. The bearish trend persisted on Friday, with the price falling another 2% to close at $425.

Despite slight upward momentum early Sunday that pushed TAO to a high of $440, the token dipped to a low of $397 later in the session before stabilizing at $425. Monday extended the bearish trend, with TAO dipping to $387 before recovering to close the session at $411.

Currently, TAO is showing signs of resilience, up 1.34% and trading near $417. Market participants remain cautious, watching for whether bulls can regain control or if sellers will continue to dictate short-term direction.