Bittensor price has been pretty steady after its big summer rally. It’s now trading around $343.5, down just a touch on the day. Price action has cooled off, but the chart still shows some key levels that traders are watching for the next move.
What you'll learn 👉
What the TAO Chart Is Showing
On the 4H chart, TAO has been moving sideways through most of September. The $301–$305 zone held as strong support back in late August and continues to be the floor.
Each time price tries to break above $360, sellers step in, so that area is acting as solid resistance.
Even with these failed attempts, the structure is still bullish because we keep seeing higher lows since the August bottom.
If TAO price can finally close above $360, the next obvious targets sit near $380 and even $400. But if it slips under $330, the setup could weaken and open the door for a retest of $310.
Market Indicators
The RSI is hovering around 48, right in the neutral zone. That means we don’t have signs of the market being overbought or oversold, perfect for a period of consolidation.
Looking at derivatives, open interest is sitting near 158K, a little lower than earlier this month, which shows less leveraged trading.
Net longs are around 397K and net shorts slightly higher near 423K. This small edge for shorts explains why price has been stuck in a tight range without big spikes.
Read Also: Why Is PancakeSwap (CAKE) Price Up Today?
TAO Price Short-Term Outlook for the Next 24 Hours
If Bittensor stays above $330, a fresh push toward $360 could happen soon. A decisive move and close above that level might set up a quick climb toward $380 or even $400.
On the other hand, if sellers drag it below $330, we could see a slide back to the $310 support zone.
For now, TAO price is in a calm phase between $330 and $360. A breakout either way in the next day or so will likely decide whether the next move is a new leg higher or another pullback.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
