Bittensor’s TAO lost over 2% in 24 hours with a daily volume of $90 million, while ranking seventh among the market’s top trending tokens on CoinGecko. Liquidity levels show significant clusters between $220-$255 on the upside and $185-$190 on the downside, with price currently hovering around $180. As long as TAO remains below $205, the altcoin remains vulnerable to a decline toward $168-$175 or even $160. The correlation coefficient with Bitcoin has reached 0.89, suggesting a BTC rebound could benefit TAO. Historically, this $180-$185 level triggered a 59% rally in June, but current indicators suggest a drop is more likely than a bullish reversal.
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