The Bittensor token, TAO, continued to pressurize, at a price that fell to around $214 and then went back slightly to around $216. According to the article, the rollback is not just short-line fluctuations, but both the spot and futures markets are becoming weaker, indicating that the sale will continue to dominate.

Down to low mobility

From the solar-line structure, TAO is testing the upward support line that has been moving since February. Although $214 was held in the disk for one time, the rebound was limited and the purchase did not increase significantly.

The distribution of transactions also shows that the main trade-intensive areas in the prior period were concentrated at between $260 and $320, with the largest areas being approximately $280. Current prices have clearly collapsed into this area, entering relatively low-liquidity zones. This means that once support is lost, the downswing in prices may accelerate.

Weaknesses in current and futures data

More directly than graphics is the order stream data. The cumulative trade-off differences between real and futures (CVD) are moving downwards, reflecting the continuing absence of the real sale, rather than just the short-line disturbance of highly leveraged funds.

At the same time, the financial rates remained positive, indicating that multiple positions were not fully cleared. In the process of falling prices, many are still congested, often increasing the pressure for subsequent liquidation.

The non-balancing contract is also falling, indicating that traders prefer to leave the field flat rather than continue to build new multiple-head positions in their current positions.

  • TAO's latest price is about $216.34.
  • Key support areas are 213 to 216 dollars.
  • Main liquidity areas below $195 to $200

AI, the narrative changes.

The article also mentions that the recent increase in competition in the AI field is also affecting the market sentiment of decentrized AI tokens. As central AI, such as Anthropic, continues to build on new developments, part of the funding has shifted to large-scale centralization models, decentralizing short-line speculative demand in the AI track.

For TAO, it is important to determine whether the short-line movement has been repaired by repositioning between 228 and 232 dollars. If the area is not recovered, the market may continue to look closer to $200.