TAO trades at $411 amid 17.33% volume drop and resistance rejection near $435–$437
Bittensor remains in a wide $190–$740 range with $412 acting as mid-range decision zone
RSI neared 70 on 1-min chart while MACD hints short-term bullishness despite fading volume
Bittensor (TAO) is currently trading at about $411.98. In the last 24 hours, it has gone from a low of $404.03 to a high of $435.40. The asset has stayed in a narrow trading range because it is having trouble finding a clear trend. Even though the price went up quickly at first, it lost its upward momentum and started to make a series of lower highs and lows.
TAO has been moving in a wide horizontal range between $190 and $740 since 2023. It is still trading in this range. The current level, which is close to $412, is in the middle of this range. This area is often where prices change direction before they move a lot. Ali Martinez, a crypto analyst, said in a recent tweet that TAO's current price is in the middle of a long-established range and could be a decision zone. It's likely that the price will either go up to $740 or back down to $190.
Technical indicators show where things might change
The daily chart shows that the momentum is slowing down. Earlier in the day, a bullish impulse pushed the price above $430, but it fell because it couldn't keep those gains. This means that traders probably sold their stocks around the $435–$437 resistance level. Support at $404 is still strong, and there was a lot of buying pressure at that level before.
The readings of the RSI on the 1-minute chart approached 70, and this indicates that the market was overbought. MACD on the other side recorded a short term bullish trend. Instead, the volume was reduced by 17.33 percent over the past 24 hours to 194.9 million dollars and this translates into less participation.
The outlook for the market depends on key levels and how supply changes
If Bittensor stays above $410 and gets back to $420, the next level of difficulty will be at $435. If it breaks out of that range, it could go back to the $450–$470 zone. But if it doesn't stay above $404, it could drop to $390 or lower.
Bittensor is still sensitive to changes in supply because it has a circulating supply of 9.46 million tokens out of a maximum of 21 million. Traders and investors are keeping a close eye out for signs of either a breakout or a return to weakness.
