🚨 $TAO IS TESTING A CRITICAL SUPPORT ZONE AFTER A SHARP PULLBACK!
Bittensor’s TAO/USDT is trading around $236, with the 15M chart showing a clear rejection from the $237.31 area.
The bigger picture is interesting: TAO recently pushed toward $277, but the market then saw a sharp correction. Binance historical data shows TAO falling from around $254 on Sept. 9 to ~$235 on Sept. 10, before stabilizing around the current zone. �
Investing.com Canada +1
Now price is trying to build a base around $234–$235.
That level matters.
On the 15M chart, buyers stepped in after the aggressive sell-off and pushed price back above $235. However, the recovery is still relatively modest, and the recent lower high near $237.3 remains important resistance.
Bullish scenario:
If TAO can reclaim $237–$239 with convincing volume, the short-term structure could improve and bring the recent highs back into focus.
Bearish scenario:
A failure to hold $234–$235 could signal that sellers are still controlling the short-term trend, especially if the breakdown comes with expanding volume.
There is also a broader catalyst behind the market attention: recent Bittensor developments include expanding DeFi connectivity, including TAO bridging toward Robinhood Chain through Chainlink CCIP, while the ecosystem continues to expand across its subnet economy. �
CoinMarketCap +1
But fundamentals alone don't guarantee the next move.
For traders, the key now is whether this current consolidation becomes accumulation or simply a pause before another leg lower.
The big question now:
🔥 CAN TAO RECLAIM $239, OR WILL $234 FINALLY BREAK?
Market observation:
When volatility contracts after a violent move, the next breakout often reveals who was really in control.
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