Bittensor (TAO) Slides 4.8% but Maintains Key Range Between $340.90 Support and $358.27 Resistance

TAO is moving in a tight space between the support at $340.90 and the resistance at $358.27 on a 4.8%daily loss.

Even with substantial previous retracement, TAO is in a stabilizing position above important support, which strengthens immediate security.

Several resistance rejections at a price of 358.27 report seller pressure, whereas there is buyer interest in support at 340.90.

Bittensor (TAO) was priced at $358.05 after it noted a 4.8% drop in the last 24 hours.The price has also fallen by 3.9 percent against the Bitcoin, with the rate currently standing at 0.003124 BTC. Despite this temporary downtrend, TAO has been in a well-defined trading range between $340.90 and $358.27, and traders are watching these levels closely in the next trend.

After rebouncing off the $30 level to the $750 price point the token has corrected sharply albeit it has maintained price above its immediate support level. This positioning highlights the importance of current market conditions to its short-term structure.

Support and Resistance Levels in Focus

The $340.90 support level has repeatedly served as a key floor for TAO’s price action. This zone has limited further downside despite the broader market’s recent volatility. On the upper side, resistance has formed near $358.27, where sellers remain active

Price has tested this level several times without a confirmed breakout, creating a narrow range for short-term trading. Notably, a decisive shift above this resistance could change the immediate outlook, while a drop below support might invalidate the current range-bound behavior.

TAO’s Price History Shapes Its Current Range

TAO’s history offers insight into its price resilience. The asset previously climbed from $30 to a peak near $750 before pulling back to current levels. This historical move has set a wide range of reference points for market participants. Despite the recent drop of 4.8%, TAO is still close to its resistance line, showing that buyers and sellers are very close. Moreover, this framework has equally consolidated the importance of tracking support at $340.90 against any breakage risk.

Trading activity around TAO suggests that each price dip attracts renewed interest. However, its movement remains tied to broader market behavior. When overall market conditions recover, TAO has historically followed the trend. At present, its short-term prospects remain characterized by price swings in the $340.90 to $358.27 range. A breakout or rejection at these values will most likely define the subsequent phase of trading in the token.