Bittensor $TAO Price Update: Struggling to Break Key Resistance

Bittensor continues to face resistance at its 20-day SMA, with buyers showing limited momentum in recent sessions.

📊 Weekend Recap

TAO kicked off last weekend with a modest 1.08% gain on Saturday, followed by a stronger 5% rally on Sunday, closing at $346. However, bullish momentum fizzled on Monday as the price dropped 3.34% to $335, failing to break past the 20-day SMA.

📉 Midweek Volatility

Tuesday saw intensified selling pressure, with TAO falling over 5% to $318. The token bounced back on Wednesday, climbing 5% to settle at $334.

📈 Late Week Action

TAO pushed slightly higher on Thursday, gaining 1% to $338, but reversed course on Friday, shedding nearly 4% to $325. The bearish sentiment continued on Saturday with a 0.93% drop to $322, before a mild Sunday recovery to $326.

📉 New Week, Same Struggles

Monday saw a 1.86% dip, taking TAO back to $320 levels. Currently, the token is trading marginally higher around $322, still struggling to build momentum above its 20-day SMA.

👉 Until TAO can decisively break above its resistance zone, price action may remain range-bound with short-term bearish bias.

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