- Bittensor trades at $371.50, up +0.66% today but down -5.18% this week and -16.19% this month.
- TAO remains +22.93% over one year but sits 70% below its $1,249 all-time high from April.
Bittensor (TAO) is currently trading at $371.50, showing a mild daily gain of +0.66%. However, the broader trend remains bearish, with a weekly decline of -5.18% and a more substantial monthly drop of -16.19%.
Despite this short-term downtrend, TAO still boasts a +22.93% increase over the past year, reflecting its resilience as a relatively strong altcoin performer in the AI and machine learning sector.
TAO reached its all-time high of $1,249 on April 11, 2024, making the current price nearly 70% below its peak, indicative of heavy profit-taking and a prolonged correction. Its record low of $163.70 was observed on August 5, 2024, which marks the current trading zone as a mid-range consolidation area between two extremes.
Technically, the overall sentiment across oscillators and moving averages leans bearish, with daily, weekly, and monthly technical indicators flashing “sell” signals, signaling persistent downside pressure.
Bittensor’s unique value proposition lies in its decentralized machine learning infrastructure, positioning itself at the intersection of AI and blockchain. This narrative has kept long-term investor interest alive, especially after the hype wave following OpenAI-related AI tokens.
However, no major protocol upgrades or partnership announcements have surfaced recently, possibly contributing to the lack of bullish momentum. The protocol remains active in development circles, but new retail and institutional demand will likely be needed to retest higher zones.
Volatility is currently moderate at 2.28%, which is lower than average for this asset. While this suggests temporary price stability, it could also be the calm before a larger directional move.
Bulls will be watching for a reclaim of the $420–$450 resistance zone, while bears will aim to push the price toward the $300 psychological support, a critical level that has previously triggered reversals.
