Bittensor (TAO) dropped by 7.87% in the last 24 hours, further extending its losses to 7.58% in the current week. This has brought the token even closer to a crucial $160 support level that traders are watching very carefully.
As of February 28, 2026, TAO is currently trading at $168.33, with a 24-hour trading volume that has increased by 14.07% to $130.13 million, based on data from CoinMarketCap.
Although the trading volume has increased, the market capitalization has dropped by 4.94% to $1.8 billion, indicating that distribution outweighed fresh inflows.
Also Read: Bittensor (TAO) Price Under Pressure: Is $160 the Next Critical Support?
Bearish Structure Persists Below $300–$315 Resistance
From the weekly chart, there has been a strong downtrend after rejection at the resistance zone of $730-$750. TAO has been making lower highs and lower lows, indicating a weak structure. Failure to stay above $555 and $455 has contributed to the overall decline.
A strong breach below the $410-$430 level of support turned this zone into a resistance zone. The selling pressure accelerated further after the price dropped below the $285-$300 level of liquidity, making way for lower levels of demand at $215 and $160-$180.
The first level of resistance is at $215 and $285, and then at $315 and $410. As per crypto analyst Rand Crypto, if the buyers are able to regain the levels of $300-$315, then the possibility of reaching $455 and $555 may arise. But if the level of $160 is breached, then the way to $150, $130, $115, and even $90 might open.
RSI Stabilizes Near 42 While MACD Signals Early Shift
Momentum indicators are mixed. The Relative Strength Index (RSI) is at 41.76, which is below the midpoint of 50, suggesting that sellers are in control in the short term. However, the indicator is trying to stabilize, as can be seen from the TradingView chart.
The MACD has triggered a bullish crossover. The MACD line is at -7.48, nudging above the signal line at -9.28, while the histogram is at 1.79. Although both lines remain in the negative zone, the increasing trend indicates that the buyers are attempting to regain some momentum.
Traders usually look for a sustained RSI recovery above 50 and further MACD expansion to confirm a trend reversal as opposed to a relief rally.
Why This Matters
However, a breakdown below $160 could spark accelerated liquidations, which could push TAO towards the $130-$115 levels in the short term.
Crossing the $315 level could trigger a structural recovery, which might shift the short-term momentum in favor of the buyers.
Also Read: Bittensor (TAO) Faces 200 SMA Rejection as Analysts Eye $165 Risk
