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Bittensor price drops 3% after rejecting key resistance, signaling potential further decline.

Technical Signals
08 Apr 2026
Crypto news
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Bearish
pluang ai news

Bittensor (TAO) price fell 3.04% to $325.1 after twice failing to break a descending resistance line near $355-$371 in two weeks, confirmed by a bearish MACD crossover. Immediate support is at $297.5, with a break below that possibly leading to $263.7. A daily close above $371 would invalidate the bearish outlook. Institutional interest remains strong as Grayscale increased its TAO weighting, but near-term momentum is weakening, suggesting cautious trading ahead.

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