If buyers successfully defend the $270 region, the token could attempt a rebound toward $290, which now acts as the first key resistance level. A sustained recovery above $330 would significantly improve market sentiment and potentially reopen the door for a move toward the $370 resistance zone. However, failure to hold the current support could expose TAO to deeper downside toward the $240–$250 region, where stronger demand may emerge. Meanwhile, RSI has cooled sharply following recent overbought conditions, suggesting speculative excess has largely reset after the latest correction.
What’s Next For Bittensor (TAO)?
TAO’s sharp decline has undoubtedly weakened short-term sentiment, but the broader picture remains more balanced than panic selling suggests. While Covenant AI-related concerns and profit booking accelerated the correction, Bittensor is now trading at a critical technical support zone near $270. If buyers defend this level and confidence stabilizes, the current dip could evolve into a recovery setup rather than a structural breakdown. For now, traders remain focused on whether TAO can hold trendline support and regain momentum.
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