TAO crypto loses bullish momentum as $252 support nears – What’s next?

Following months of consolidation, Bittensor [TAO] broke past a strong level of resistance in early September. This was as a result of a spike in trading volume that pushed the price above a former resistance area at approximately $255. Bittensor hovered around the $215 level through most of August and early September, indicating that buyers were absorbing the selling pressure instead of allowing a larger sell-off. In mid-September, increased volume allowed TAO to surge past the $255 level, demonstrating stronger demand for the token. Before the surge, the $255 area acted as a point of resistance. However, once the token broke out past the resistance, it became a new area of support.

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