Bittensor (TAO) is trading around $335 after a week of pressure that saw the AI-focused cryptocurrency lose nearly 5% over the past seven days.
The token, which currently holds a market capitalization of $3.28 billion, has slipped into a crucial support range that traders say could define its next major trend.
Market strategist Michaël van de Poppe highlighted TAO’s recent dip back into a long-standing support zone, noting that the current levels are “interesting” for potential accumulation.
Technical charts show TAO consolidating near $330–$335 after a steady decline throughout August. If this zone holds, traders suggest a rebound toward the $370–$400 range may follow. However, a breakdown could open the door for a retest of deeper support around $275.
Indicators remain mixed. The 30-minute chart shows relative strength (RSI) hovering near 47, signaling neutrality, while the MACD lines are flattening after bearish momentum earlier this month. This reflects the cautious stance among traders as the market waits for confirmation of TAO’s next move.
Despite price weakness, Bittensor’s fundamentals remain a talking point. The project continues to be one of the largest AI-related crypto networks by market cap, securing strong community engagement and ranking #35 among all digital assets.
With TAO at a technical crossroads, market participants are closely watching whether buyers can defend the $330 zone or if a deeper correction toward $275 is in store. The coming days may prove decisive for the token’s short-term trajectory.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/bittensor-price-on-the-edge-can-330-support-prevent-a-major-crash/