According to reports from AMBCrypto, Bittensor [TAO] experienced a 7% decline in the past 24 hours, marking its fourth consecutive day of losses since Monday, September 7th. The altcoin had previously reached a three-month high of $277 after going live on Raydium, but failed to maintain this momentum. The Open Interest has declined 14.3% in 24 hours, while the spot CVD has been falling since Monday, indicating a lack of both spot and derivatives demand. If this trend continues, TAO could face five consecutive days of losses, which would be a significant blow for bullish sentiment.
As reported by AMBCrypto, the weekly chart shows a bearish swing structure with a swing low at $167.8 registered in April 2025, which was breached by a weekly candle close at $163.2 in February 2026. The $142.8 and $377.8 swing points are critical levels to monitor on the weekly timeframe, while $291.6 represents an important level that could lead to short- to medium-term gains if breached. The RSI on the weekly timeframe stands at 49, showing neutral momentum, while the OBV has been in a steady downtrend since October, reflecting bear market conditions. A bullish recovery would be underway once the $377.8 swing point is broken, with the $300 psychological round number serving as a critical supply zone to monitor.
According to the analysis from AMBCrypto, the $300 psychological round number represents a critical supply zone that Bittensor needs to overcome to drive a true recovery. The altcoin previously reached a $291.6 high from June, which looms large just below the important supply zone at $300. To overcome these resistance levels, the analysis suggests that Bittensor requires aggressive, sustained demand, which might not materialize if Bitcoin faces another price slump after its recent inability to hold above the $80,000 mark. The $291.6 high from June represents a significant technical level that could serve as a stepping stone toward the $300 psychological resistance.
As reported by AMBCrypto, despite the rally from below $200 to nearly $280 in recent weeks, the price structure remained bearish. The analysis suggests that swing traders and investors can wait for a price dip to $190 to buy the altcoin in anticipation of another bullish TAO reaction. A bullish recovery would be underway once the $377.8 swing point is broken, with the $300 psychological round number serving as a critical supply zone to monitor. The strategy requires patience as the altcoin navigates through current bearish conditions, with the $190 level offering an attractive entry point for potential bullish reversal. To overcome these resistance levels, Bittensor needs aggressive, sustained demand that might not arrive if Bitcoin faces another price slump after its recent inability to hold above the $80,000 mark.
