TAO is currently compressing just below the $200–$220 supply zone, which previously acted as breakdown support and is now flipping into resistance. Structurally, the trend remains bearish with lower highs intact, but price is attempting to form a short-term higher low above the $160 swing base.
The key development is the bullish divergence on OBV, showing accumulation despite muted price expansion, suggesting stronger hands are absorbing supply. However, CMF continues to remain consolidated below zero, signaling that sustained capital inflow has not yet confirmed the move. If it closes decisively above $205–$210, momentum could accelerate toward $240 and $260. Failure here likely sends the price back to $170, with $150 as structural support.
In short, the accumulation is building, but a sustained close above $200 may only strengthen the bulls, who may further push the Bittensor (TAO) price towards higher targets.
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