TAO Edges Closer to $331.60 Resistance After Holding $305.90 Support Range

TAO trades at $329.24 after a 6.8% weekly decline, holding within a narrow range between support and resistance.

Support sits at $305.90, while resistance at $331.60 caps price action near the upper boundary of the falling channel.

BTC pairing rises to 0.003579 BTC, showing a 1.3% gain that adds context to TAO’s controlled short-term structure.

Bittensor’s recent price behavior highlighted a tight trading structure as the token moved near the upper boundary of its current short-term range. In the last session, TAO was in a range of $329.24 and this was after declining by 6.8 percent over the last seven days. BTC also registered the BTC pairing in the market at 0.003579 BTC, which posted a 1.3 percent increment

These readings contextualized the bigger picture where the traders were keeping an eye on the price behavior within the declining framework that is depicted on the chart. The setup displayed a narrowing pattern, and the latest candles moved near the upper trendline, which drew attention to the short-term movement.

Support Level Shapes Lower Boundary

The $305.90 support level defined the lower section of the current structure and created a reference for early trading. Price stayed above this mark, and this maintained a steady tone in the session. The chart displayed previous touches around the same region, and the repeated interactions helped outline the base forming below the current movement

However, the position near the support kept focus on the short-term dynamics as TAO approached the upper band of the pattern. This created a link to the developing section of the chart.

Tight Price Action Reflects Market Positioning Near Key Resistance

The market traded within a narrow 24-hour range that extended toward the $331.60 resistance. Price held close to this ceiling, and the candles remained near the upper trendline of the falling channel. This kept fluctuations minimal and allowed observers to track precise changes across the session. Notably, the range framed the short-term view and highlighted how the market positioned itself around the resistance zone. This movement also shaped the structure seen on the four-hour chart.The BTC pairing played a central role in outlining the session’s conditions. The move to 0.003579 BTC offered a slight increase and added context to the narrow pattern seen on the TAO chart. The data connected to the intraday structure as price stayed between the support at $305.90 and the resistance at $331.60. This supported a defined view of market behavior during the latest trading window.