TAO Broke $290 Support — What Next for Bittensor?

Consecutive red candles and low Spot volume signal weak buying strength.

TAO broke $290 support, giving sellers control and increasing short-term downside risk.

Recovery depends on renewed buyer demand; bearish structure remains until strong support emerges.

Bittensor’s trading activity spiked sharply over the past few days, drawing attention from traders. TAO hit $1.5 billion in 24-hour volume, marking one of its strongest moves since early October. Yet the surge came with a noticeable shift in market dominance. Sellers gained the upper hand as the token slipped below a key $290 support. This break leaves TAO vulnerable, raising questions about the next potential moves for Bittensor in the near term.

Sellers Take Control After Key Support Breaks

TAO’s structure weakened after dropping below the $290 mark, a level that acted as a base since July. Historically, this zone often triggered reversals. After peaking on November 1st, TAO struggled to maintain momentum. Each bounce faded quickly, and the token printed consecutive red candles through November. Data from Token Terminal and CryptoQuant showed sellers dominated both Spot and Futures markets.

Spot Taker Cumulative Volume Delta highlighted consistent sell-side pressure. The 90-day profile leaned red, confirming that market orders favored sellers. Meanwhile, Spot buying volume thinned out, making it hard for recoveries to gain traction. This combination of fading bounces and persistent sell pressure signals that sellers still control short-term price action. Without significant demand, TAO faces deeper downside risk.

What’s Next for Bittensor?

The next move for TAO depends heavily on whether buyers step in with strong volume. A short-term bounce is possible if renewed demand emerges quickly. Even a minor rally could attract traders seeking quick entries. However, the confirmed break below $290 keeps the bearish structure intact.Analysts often look at previous support zones to anticipate potential reversal points.

In TAO’s case, any meaningful recovery would require persistent buying across both Spot and Futures markets. Otherwise, sellers may continue pushing the token lower. Technical indicators suggest caution, as consecutive red candles and thinning Spot volume indicate limited short-term buying strength.

Traders should monitor volume spikes closely. Strong buying could stabilize the token temporarily, while continued selling might accelerate downside risk. TAO’s price action over the next few sessions will likely set the tone for November. Any attempts to climb above $290 will need substantial momentum to overcome seller dominance.

Bittensor remains an active token with high volatility, offering opportunities for traders willing to monitor price action closely. Short-term swings may create openings, but the prevailing trend favors sellers until stronger support emerges. Watching volume patterns and market dominance will remain crucial for understanding TAO’s near-term path.

TAO broke below its $290 support, giving sellers the upper hand. Consecutive red candles and low Spot volume signal continued downside risk. A short-term bounce is possible if buyers return with strong volume. Traders should monitor market activity carefully, as current trends favor further declines.