Bittensor (TAO) extended its bearish move for the fourth consecutive day, dipping by more than 5% and inviting further bearish control. Thanks to its sustained downside, selling pressure intensified too, with both price action and expert analysis suggesting that more losses could be on the horizon.
At the time of writing, TAO had lost 5.25% of its value in just over 24 hours to trade at $174.2. However, market participation over the same period surged notably, as evidenced by the trading volume which jumped by 15% to $117.50 million.
Such a hike in trading volume amid a fall in price means that TAO traders and investors are actively engaging with the current market trend, thereby strengthening the bearish outlook.
That’s not all though as according to a popular crypto analyst, TAO’s next major support level could be around $159.
Source: X/CryptoPulse_CRU
Bittensor (TAO) price action eyes another 18% fall
According to AMBCrypto’s technical analysis, TAO appeared likely to continue its downside move in the coming days at press time. Especially since it has failed to reclaim the key $207-level, which it broke down from on 31 January 2026.
On the daily chart, it was also evident that the crypto crossed this key level twice in recent days. However, due to strong selling pressure and broader market sentiment, it failed to sustain a position above it.
Additionally, TAO’s latest price reversal was observed near the 0.618 Golden Fibonacci level.
Source: TradingView
Based on the price action and historical chart patterns, if TAO holds below the key level, it could continue its downside move and may decline another 18% to reach the $144 liquidity level. On the other hand, a reversal would only be possible if TAO successfully reclaims the key level.
Additionally, the technical indicator Average Directional Index (ADX), which measures trend strength, had a value of 33.62—above the key threshold of 25. This alluded to strong directional momentum across the board.
A case of ‘mixed sentiment’
Given the altcoin’s recent price action and broader market structure, intraday traders appeared to be strongly following the prevailing trend.
According to the derivatives data platform Coinglass, traders were over-leveraged at $170.8 on the downside and $181.3 on the upside at press time – Both levels where significant Open Interest has been recorded.
Traders at these levels built $1.89 million worth of long leveraged positions and $2.65 million worth of short leveraged positions – Hinting at a bearish bias in the market.
Source: Coinglass
On the contrary, data from CryptoQuant seemed to tell us a different story.
According to the 90-day Spot Taker CVD (Cumulative Volume Delta), buyers have been strongly dominating TAO, as indicated by consistent green bars over the past week. Despite minor price fluctuations within the $170 and $195 range, the cumulative volume delta suggested that aggressive buyers are continuing to absorb the selling pressure.
Source: CryptoQuant
Final Summary
- Altcoin’s price action suggested that further downside may be on the horizon, with a potential 18% drop in the coming days.
- Some traders are betting heavily on short positions while others are aggressively accumulating.
