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Bittensor (TAO) jumps 15.8% as trading volume spikes, breaking a downtrend but faces strong seller pressure.

Technical Signals
13 Jun 2026
AMBCrypto
View Source
Bullish
pluang ai news

Bittensor (TAO) surged 15.8% to $247.70 with an 87.3% increase in daily trading volume, signaling renewed market interest after weeks of weakness. The token broke above its descending channel, ending a downtrend that started in May, and moved toward key resistance at $255 and $300. Despite the price rise, seller dominance persisted, indicating cautious buying as passive bids absorbed selling pressure rather than aggressive buying pushing prices higher. If buyers continue to absorb supply, TAO could see further gains, but ongoing seller activity may slow recovery.

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