Bittensor hits 5-day bearish run – Will THIS TAO zone hold?
Bittensor's TAO token extended its bearish trend for a fifth consecutive day, declining to around $251—its lowest level since its Coinbase listing. The drop followed a failed retest of the critical $310 supply zone on January 10th, which triggered sustained selling pressure and short positioning. Repeated stabilization attempts lacked follow-through buying, keeping sellers in control.
Network metrics showed weakening engagement, with Development Activity dropping to its lowest observed level and social mentions falling to roughly 30 in 24 hours, indicating reduced investor interest and speculative attention. Market sentiment remains cautious, with fading momentum across price action, development, and social activity. For bullish momentum to recover, TAO must decisively break above the $310 resistance. Until then, selling pressure dominates.
ambcrypto01/19 16:02
