Bittensor’s TAO token is trading near $300 despite a recent pullback, with analysts pointing to a bullish market structure shift. The price remains firmly above key moving averages, including the 200 EMA at $274, which now acts as support. While the Relative Strength Index shows cooling momentum at 57, it stays above the neutral level, indicating the broader trend remains steady as the asset defends the $290 zone.
Bittensor (TAO) is trading near $300 after recent sessions showed mild weakness. Analysts note the overall structure remains strong and favors bullish momentum.
Data shows TAO at $298.71, down 1.8% over 24 hours with a trading volume of $148.25 million. The token has recorded a 5.56% loss over the past week.
Analyst CyrilXBT highlighted that TAO holding near $299 keeps its structure intact. “This is one of the cleanest charts,” he stated, noting the 200 EMA at $274 now acts as support.
Another analyst, Crypto Pirates, mentioned a structure shift in higher timeframes from bearish to bullish. He described the pullback as normal but advised watching for a liquidity sweep.
Technically, TAO trades above all major Exponential Moving Averages (EMAs). The 20 EMA at $293 serves as immediate support, with the 200 EMA at $274 indicating a bull trend reversal.
The Relative Strength Index (RSI) is at 57.06, showing a slowdown in momentum after a recent peak. It remains above the neutral level, signaling a steady trend.
