Bittensor (TAO) dropped 7% in 24 hours after reaching a three-month high of $277 following its launch on Raydium. Open Interest fell by 14.3% and spot CVD has been declining since Monday, reflecting a lack of demand in both spot and derivatives markets. The weekly structure remains bearish, with the RSI at 49 (neutral) and the OBV in a steady downtrend since October. The psychological $300 level represents a major resistance to watch, while the $377.8 swing point would confirm a bullish recovery if broken. Some traders suggest waiting for a dip to $190 to buy the altcoin.
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