Bittensor trades near support with mixed technical signals
Bittensor (TAO)
Editor:
Eugene Serbin
Tradersunion.com reported that Bittensor (TAO) was trading at $283.8, marking a 6.8% decline for the day. The asset is currently positioned below its MA-20 at $308.69 and its MA-50 at $306.25. Despite this pressure, TAO remains above its MA-200, which is located at $246.57 on the daily chart.
Immediate resistance is found at the Ichimoku Kijun level of $308.25, while support sits at $273.36. Momentum indicators show mixed conditions, with the MACD signaling a Strong Buy. Conversely, the ADX is Neutral, and both the RSI and Bull/Bear Power indicate Sell and Oversold territory respectively.
The Stoch RSI is also in Oversold territory, while the CCI reads Neutral. These diverging signals suggest dominant intraday selling but also increase the potential for a rebound. Analysts noted persistent downside risks amid increased volatility and sustained selling pressure. Traders are advised to monitor the $308.25 resistance and $273.36 support levels closely for potential breakouts or breakdowns.
How the market reacted
Whalio's own Binance spot order flow for TAO, measured when this story was written up on 2 October 2026. Not the outlet's figures.
Whalio data shows TAO trading at $303.40, with a 1-hour buy ratio of 60.2% compared to 48.3% over the 4-hour period. This indicates that short-term buying pressure is building relative to the broader recent timeframe. The 1-hour volume delta is positive at +$1,068,335, contrasting with negative deltas of -$785,691 and -$738,589 for the 4-hour and 24-hour periods. A positive volume delta means that buy volume exceeded sell volume during that specific window. The 24-hour CVD closed at +$95,046, suggesting net buying pressure over the full day despite the negative 4-hour delta. Spot volume for the 24-hour period was recorded at $33,475,328 across 175,765 trades.
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.
Over the preceding week, the average buy ratio was 49.8%, with the latest day showing a slight dip of 0.9 points below this average. Volume was measured at 0.66x the weekly average, indicating a quieter trading day than usual. Only 3 of the past 7 days saw net buying, and the price changed by +2.4% over an 8-day period. The total volume delta for the 8-day span was -$1,414,788. This recent day of mixed short-term buying contrasts with the lower volume and negative delta seen over the longer weekly trend.