$TAO Bittensor Price Update: Struggling to Break Key Resistance


Bittensor (TAO) continues to face resistance at its 20-day SMA, with buyers showing limited momentum in recent sessions.


📊 Weekend Recap


TAO kicked off last weekend with a modest 1.08% gain on Saturday, followed by a stronger 5% rally on Sunday, closing at $346. However, bullish momentum fizzled on Monday as the price dropped 3.34% to $335, failing to break past the 20-day SMA.


📉 Midweek Volatility


Tuesday saw intensified selling pressure, with TAO falling over 5% to $318. The token bounced back on Wednesday, climbing 5% to settle at $334.


📈 Late Week Action


TAO pushed slightly higher on Thursday, gaining 1% to $338, but reversed course on Friday, shedding nearly 4% to $325. The bearish sentiment continued on Saturday with a 0.93% drop to $322, before a mild Sunday recovery to $326.


📉 New Week, Same Struggles


Monday saw a 1.86% dip, taking TAO back to $320 levels. Currently, the token is trading marginally higher around $322, still struggling to build momentum above its 20-day SMA.


👉 Until TAO can decisively break above its resistance zone, price action may remain range-bound with short-term bearish bias.

#BNB Chain# #xStocks #Ripple #Tao #Bittensor

July 09, 2025 at 3:26 PM
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