TAO tests $290 support as selling pressure mounts
Bittensor (TAO)
Editor:
Eugene Serbin
tradersunion.com reports that Bittensor (TAO) is trading at $304.2, marking a 7.37% decline for the day. The asset has moved below its short- and medium-term moving averages, specifically the MA-20 at $320.41 and the MA-50 at $322.11, while remaining above the long-term MA-200 at $245.45. Diariobitcoin notes that demand for AI tokens has driven trading volumes 49% above the monthly average, increasing liquidity and price swings.
Despite this volume surge, broader selling pressure has kept price action subdued. The Ichimoku Kijun sits at $320.2, acting as immediate resistance against the current price. Momentum indicators on the H1 timeframe are bearish, with MACD and ADX registering sell signals and negative Bull/Bear Power showing sellers in control.
RSI, CCI, and Stoch RSI are all in the oversold range, while the Awesome Oscillator reinforces the downward momentum. Price has gapped negatively by $8.7 and is trading close to today's low amid heightened volatility. Over the next two to three trading days, TAO is forecast to move within a volatility band of $290.07 to $350.9.
There is a 67% probability of further downside compared to a 33% chance of a rebound. A bullish break above $320.2 could open the door to further gains, while a fall below $290.07 support would likely trigger additional declines. Earlier analysts cited strong ecosystem development and commercial revenue growth as drivers of upside momentum, but the current technical outlook signals a shift.
How the market reacted
Whalio's own Binance spot order flow for TAO, measured when this story was written up on 28 September 2026. Not the outlet's figures.
Whalio data shows TAO trading at $319.80 with a 1-hour buy ratio of 35.5% and a 4-hour buy ratio of 44.8%, both trailing the 24-hour buy ratio of 49.1%. This indicates that buying pressure is fading in the shorter timeframes compared to the full day. The 1-hour volume delta is -$642,972 and the 4-hour delta is -$836,886, showing net selling activity. The 24-hour volume delta stands at -$854,835, with a cumulative CVD of -$4,498,457. These negative deltas mean that sell volume has exceeded buy volume, pushing the price down. Net buying occurred in only 8 of the last 24 hours, with a total spot volume of $47,054,426 across 192,720 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.
The 7-day average buy ratio is 50.0%, which is 0.9 points higher than the latest day's reading. Volume over the past week was 0.77x the average, indicating a quieter trading period. While the 8-day price change was +22.2%, the weekly volume delta was only +$1,103,937. Net buying occurred in 3 of the last 7 days. This suggests that despite the recent price surge, the current day's volume and buying ratio are below the weekly norms, marking an unusual day of relative disinterest compared to the preceding week's activity.