Bittensor Price Holds Support Despite Bearish Pressure, Targets $240

The Bittensor (TAO) price remains under bearish pressure despite holding above critical support after a falling wedge breakout.

Retail and momentum indicators, such as RSI and MACD, continue to signal weak short-term momentum, favoring sellers in the market.

However, a breakout above $210-$212 resistance could strengthen bullish momentum and attract additional buying interest.

According to Crypto With Gopal, if buyers successfully clear the descending trendline, TAO price could target the $220-$223 resistance zone before extending toward the projected $238-$240 objective.