Bittensor TAO drops 6% as Robinhood Chain integration announced
Bittensor (TAO)
Editor:
Eugene Serbin
Tradersunion.com reports that Bittensor (TAO) is trading at $222.2, marking a 6.24% decline for the day on 15 September 2026. The asset is currently positioned below its key moving averages, including the MA-20 at $227.54 and the MA-50 at $231.96. According to Coingape, TAO became available on Robinhood Chain via a Forever Money bridge utilizing Chainlink CCIP.
This integration allows users to access a wrapped version of TAO on the new L2 chain while preserving the underlying network's consensus mechanism. Despite this development, price action has remained under broader selling pressure. Technical indicators show negative momentum, with both MACD and ADX issuing Sell signals.
The RSI stands at 30.34, while Stoch RSI, CCI, and Bull/Bear Power reflect an oversold and seller-dominant environment. The Awesome Oscillator remains neutral, not confirming either bullish or bearish intraday momentum. Analysts note that Bittensor is experiencing heightened volatility with a prevailing downside bias driven by sustained selling pressure. Traders are monitoring the $212.9 level as a potential trigger for additional downward moves if bearish momentum persists.
How the market reacted
Whalio's own Binance spot order flow for TAO, measured when this story was written up on 15 September 2026. Not the outlet's figures.
Bittensor has recovered to $232.40, moving above the resistance levels mentioned in the report. In the last hour, the buy ratio is 55.0%, indicating a short-term shift toward buying pressure compared to the 24-hour average of 50.3%. However, the 4-hour buy ratio is lower at 47.0%, suggesting that buying interest is fading over a slightly longer timeframe. The 1-hour volume delta is positive at +$63,357, showing net buying in the immediate term, while the 4-hour delta is negative at -$453,999. This indicates that while recent trades favor buyers, the broader intraday trend has seen more selling volume. Over the full 24 hours, the volume delta is +$147,193, but the cumulative CVD remains negative at -$808,071, reflecting that larger sell orders have dominated the day's total volume.
The latest daily buy ratio of 49.6% sits at the 64th percentile of the last 322 days, against a median of 48.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for TAO, averaged over the days leading up to the story.
The current 24-hour buy ratio of 50.3% is 2.0 percentage points higher than the 7-day average of 48.3%. This suggests that today's buying activity is slightly more balanced than usual for the coin. However, spot volume is only 0.76x the average, indicating that trading activity is subdued compared to the preceding week. Over the past eight days, the price has dropped 10.6%, with a total volume delta of -$5,409,699. Only one day in the last week saw net buying, making today's slight improvement in buy ratio an unusual but modest deviation from the prevailing downtrend.