Bittensor Price Drops 20% After 37K TAO Dump—Is a Rebound or Deeper Crash Next?

Bittensor’s native token TAO price

From a technical standpoint, the 50-day moving average (currently near the $250 zone) continues to act as dynamic support. This level has held through previous pullbacks during the recent uptrend, making it a critical line for bulls to defend. As long as TAO holds above this region, the possibility of a rebound remains intact, especially if selling pressure fades and volume contracts on further downside.

However, a breakdown below this support would invalidate the short-term bullish structure and open the door for a deeper move toward the $220–$200 range. On the upside, immediate resistance sits near $300–$320, followed by a stronger supply zone around $350–$360. For now, TAO is at a decision point—hold support and bounce, or lose structure and extend the correction.

What’s Next? —Will TAO Price Rebound or Face a Breakdown?

TAO is no longer trading in a clean bullish trend—it’s reacting to a confidence shock layered on top of an overheated rally. Still, the structure hasn’t fully broken. As long as $250 holds, a short-term rebound remains possible. But this is not a blind dip-buy. Bulls need a reclaim of $300–$320 to regain control.

If support fails, the narrative changes quickly. A breakdown below $250 would likely confirm a deeper correction phase, exposing TAO to downside toward the $220 region or lower. Bittensor is in a decisive phase where it either rebuilds momentum or marks the beginning of a broader reversal trend.

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