Bittensor (TAO) slipped nearly 2.5 % this week after posting a 27 % surge last week, while Bitcoin reclaimed the $65,000 threshold.
Technical Performance
From a chart‑based perspective, TAO’s decline aligns with a typical profit‑taking cycle after a sharp rally. Investors are cashing in gains, and bullish traders are defending key support levels to prevent further erosion.
Relative Strength and Market Outlook
The TAO/BTC ratio rose about 21 % in tandem with TAO’s 27 % upside, indicating that the token benefited from broader crypto momentum. However, the new week opened with the ratio falling more than 3.1 %, suggesting that weaker Bitcoin momentum contributed to TAO’s recent strength rather than a pure relative outperformance.
Potential Price Trajectory
TAO has been trading near $260 for over 72 hours, forming a consolidation zone that could mark its first lower high since the $330 peak observed in mid‑May. After failing to sustain that level, the asset slid to two lower lows around $180, implying that much of the aggressive sell pressure has already been exhausted. If selling pressure fully dissipates and demand remains robust, the market may keep TAO anchored around the $260 region.