Bittensor price is trading at $325.1, down 3.04% on the day, after rejecting a multi-month descending trendline for the second time in two weeks \u2014 and the daily MACD has now confirmed a bearish crossover that shifts the near-term bias toward the downside.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n Bittensor (TAO<\/a>) has produced two consecutive failures at the $355 to $371 resistance zone in the past two weeks, forming a lower high on the second attempt and reinforcing the strength of the descending trendline that has capped every recovery since November 2025.<\/p>\n The first rejection came near $371 on March 25, following Bittensor\u2019s halving<\/a> event and reports of Grayscale Investments raising its TAO weighting to 43.06% in its AI-focused fund. The second attempt reached $355 on April 7, produced a lower high, and reversed. Both rejection points are visible as circled pivots on the daily chart, and TAO has since retraced to $325.1 without recovering above either level.<\/p>\n The daily MACD has confirmed the setup. The MACD line has crossed below the signal, reading 19.6 against a signal of 22.0, with the histogram at -2.4. Both lines remain above zero, which limits the severity of the crossover, but the signal confirms that momentum built during March\u2019s AI-sector rally<\/a> is fading.<\/p>\n On the 4H chart, the MACD remains technically bullish, with the MACD line at 6.8 above the signal at 5.8 and a histogram of 1.0. The 4H Supertrend at $313.8 continues to act as dynamic support. However, the 4H histogram has compressed sharply from earlier sessions, and a bearish crossover on that timeframe would add meaningful confluence with the daily signal.<\/p>\n <\/p>\n Crypto analyst Micha\u00ebl van de Poppe stated on X that TAO is \u201capproaching one of those regions for dip buying in the coming weeks,\u201d framing the current pullback as \u201cjust normal price behavior\u201d following a triple-digit monthly rally. That view supports a base case in which $297.5 holds as a staging ground, not a breakdown level.<\/p>\n Immediate support: the 4H Supertrend at $313.8, followed by the structural demand zone at $297.5, visible on both the 4H and daily charts and flagged as a key floor during the March accumulation phase.<\/p>\n Extended downside target: $263.7, the daily Supertrend. Previous analysis flagged a potential corrective move toward $200 if the pattern repeats from prior golden-cross fractals, though that scenario requires a sustained close below $263.7 to come into scope.<\/p>\n Bull case: a confirmed daily close above $371 invalidates the double rejection and opens the path toward $400. Bear case: a break below $297.5 targets $263.7. Invalidation: $371.<\/p>\n\n
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<\/figure>\nKey Levels and Price Targets<\/strong><\/h2>\n
Derivatives and Institutional Context<\/strong><\/h2>\n