TAO trades near key support after a steep drop, with weak momentum and supply changes shaping whether buyers can defend current levels or not.TAO trades near key support after a steep drop, with weak momentum and supply changes shaping whether buyers can defend current levels or not.

Bittensor Price Prediction: TAO Revisits a Level That Has Defined the Entire Downtrend

2026/06/11 19:13
4 min read
For feedback or concerns regarding this content, please contact us at [email protected]

Key highlights:

  • The TAO price trades near $207 after a 55% drop, testing the key $200–$190 demand zone. 
  • Daily RSI near 34 and weak MACD show fragile momentum despite short-term stabilization.
  • Halving supply cuts and high staking reduce TAO supply, but recovery still needs stronger buyer demand.

Bittensor is trading around $207 after sliding more than 55% from its peak near $500. That kind of move naturally clears out a lot of late buyers, and what’s left now is a chart that’s trying to decide whether this area becomes a base or just another stop on the way down.

 

On the daily chart, RSI is sitting around 34.49, which is close to oversold territory. Levels like this don’t guarantee a bounce, but they often show up when selling pressure is starting to lose intensity, at least in the short term.

TAO price structure is testing familiar ground

We had a look at the daily chart shared by 2xnmore, and one thing stands out clearly: the TAO price has come back to a demand zone that already mattered earlier this year. The January 2026 area around $350 marked the first major reaction point during the decline, and price has now revisited that broader zone after another leg lower.

The overall structure still leans bearish. TAO built its peak near $480 in late 2025, then moved into a long sequence of lower highs and lower lows. That trend hasn’t been broken yet. The current trading area around $200–$190 has become the immediate line in the sand. Today’s +3.38% move shows buyers are trying to defend it after the price dipped to roughly $200.8. 

Above that, the first resistance sits between $220 and $240, where previous support has now turned into supply. Beyond that, the bigger hurdle is still the $280–$320 zone. That’s where earlier rallies struggled, and it remains a major ceiling unless stronger demand comes in.

TAO is balancing supply pressure and reduced circulation

Price movement has slowed around $200–$190, which is where buyers have stepped in multiple times. If this level continues to hold, a move toward $240 becomes the first logical area to watch. If momentum continues beyond that, $260 comes into play as the next extension zone.

The flip side is straightforward. If $190 breaks with volume, the next areas to watch are $180 and then $160, which line up with earlier liquidity pockets from the downtrend. So right now, the chart is compressed between support and resistance, waiting for either a bounce or another breakdown.

There’s also a supply side story playing into the TAO price. Bittensor went through its first halving in December 2025, cutting daily emissions from 7,200 TAO down to 3,600. That reduces new supply entering the market.

At the same time, more than 70% of TAO is staked. That means a large portion of supply isn’t actively circulating, which naturally tightens available liquidity. The issue is demand hasn’t fully returned yet. So even with lower emissions and locked tokens price still needs buyers willing to step in at these levels to change direction.

Where could TAO go next?

Right now, the TAO price is sitting in a zone that has already produced reactions before, but it hasn’t confirmed anything beyond short-term stabilization. RSI near 34 shows weak momentum, MACD is still negative, and the trend from the highs remains intact.

If buyers continue defending $200–$190, a move toward $240–$260 stays on the table. If that level breaks, lower support near $180 and $160 becomes the next focus. CoinCodex’s 1-month TAO price prediction places the price at $ 152.69, which is below the current price level. 

Market Opportunity
Bittensor Logo
Bittensor Price(TAO)
$213
$213$213
+2.22%
USD
Bittensor (TAO) Live Price Chart

Predict & Trade to Win Rewards

Predict & Trade to Win RewardsPredict & Trade to Win Rewards

Guaranteed rewards with $500,000 prize pool

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

RealStocks Now Live

RealStocks Now LiveRealStocks Now Live

Trade real U.S. stock via regulated brokerage