Bittensor (TAO) Token Tests $214 Resistance Amid Rising Volume

Bittensor’s TAO token is trading around $197 and has failed to break the $214 resistance level, prompting analysts to warn of a potential pull‑back toward support around $167.43 and a longer‑term downside target near $147. Trading volume has surged by more than 50 % to roughly $99 million, while open interest has fallen, indicating weakening buying pressure.

TAO also appeared on CoinGecko’s list of top trending tokens, ranked seventh, after a spike in transaction activity. Liquidity clusters show significant levels between $195‑$205, with short positions now concentrated near $185‑$190 and longer positions deeper around $160‑$165. As long as the price stays below $205, the token remains vulnerable to further declines, but a rebound above $214 could restore bullish momentum.