Will Bittensor price drop to $297 as double rejection at descending trendline triggers bearish MACD crossover?

cryptonews

Apr 09

Bittensor price is trading at $325.1, down 3.04% on the day, after rejecting a multi-month descending trendline for the second time in two weeks — and the daily MACD has now confirmed a bearish ...

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2626647975"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2626647975\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2626647975?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-09 08:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2626647975","market":"nz","top_or_hot":-1,"title":"Will Bittensor price drop to $297 as double rejection at descending trendline triggers bearish MACD crossover?","media":"cryptonews","content":"<div>\n<p>Bittensor price is trading at $325.1, down 3.04% on the day, after rejecting a multi-month descending trendline for the second time in two weeks — and the daily MACD has now confirmed a bearish ...</p>\n\n<a href=\"https://crypto.news/bittensor-price-risks-297-after-double-rejection/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Bittensor price drop to $297 as double rejection at descending trendline triggers bearish MACD crossover?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-09 08:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bittensor-price-risks-297-after-double-rejection/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bittensor price is trading at $325.1, down 3.04% on the day, after rejecting a multi-month descending trendline for the second time in two weeks — and the daily MACD has now confirmed a bearish ...</p>\n\n<a href=\"https://crypto.news/bittensor-price-risks-297-after-double-rejection/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TAO","symbol_name":"中国房地产指数ETF-Guggenheim","start_time":0,"source_url":"https://crypto.news/bittensor-price-risks-297-after-double-rejection/","article_id":"2626647975","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bittensor-price-risks-297-after-double-rejection/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2626647975","pubTimestamp":1775692800,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Bittensor price is trading at $325.1, down 3.04% on the day, after rejecting a multi-month descending trendline for the second time in two weeks — and the daily MACD has now confirmed a bearish crossover that shifts the near-term bias toward the downside.Bittensor  has produced two consecutive failures at the $355 to $371 resistance zone in the past two weeks, forming a lower high on the second attempt and reinforcing the strength of the descending trendline that has capped every recovery since November 2025.The first rejection came near $371 on March 25, following Bittensor’s halving event and reports of Grayscale Investments raising its TAO weighting to 43.06% in its AI-focused fund. The second attempt reached $355 on April 7, produced a lower high, and reversed. Both rejection points are visible as circled pivots on the daily chart, and TAO has since retraced to $325.1 without recovering above either level.Extended downside target: $263.7, the daily Supertrend. Previous analysis fla","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"TAO":"中国房地产指数ETF-Guggenheim","TAO.AU":"Tao Commodities"},"translate_title":"随着下降趋势线的双重拒绝引发看跌MACD交叉，Bittensor价格会跌至297美元吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TAO.AU":1,"TAO":1},"content_text":"Bittensor price is trading at $325.1, down 3.04% on the day, after rejecting a multi-month descending trendline for the second time in two weeks — and the daily MACD has now confirmed a bearish crossover that shifts the near-term bias toward the downside.\n\n\nSummary\n\n\n\nBittensor (TAO) is trading at $325.1, down 3.04% on the day, after rejecting a multi-month descending trendline twice near the $355 to $371 zone within two weeks.\nThe daily MACD has confirmed a bearish crossover, with the MACD line at 19.6 crossing below the signal at 22.0 and the histogram printing at -2.4.\nImmediate support sits at $297.5, and a confirmed break below that level opens a path to the daily Supertrend at $263.7, while a daily close above $371 invalidates the bearish setup.\n\n\n\nBittensor (TAO) has produced two consecutive failures at the $355 to $371 resistance zone in the past two weeks, forming a lower high on the second attempt and reinforcing the strength of the descending trendline that has capped every recovery since November 2025.\nThe first rejection came near $371 on March 25, following Bittensor’s halving event and reports of Grayscale Investments raising its TAO weighting to 43.06% in its AI-focused fund. The second attempt reached $355 on April 7, produced a lower high, and reversed. Both rejection points are visible as circled pivots on the daily chart, and TAO has since retraced to $325.1 without recovering above either level.\nDouble Rejection Flags Technical Weakness\nThe daily MACD has confirmed the setup. The MACD line has crossed below the signal, reading 19.6 against a signal of 22.0, with the histogram at -2.4. Both lines remain above zero, which limits the severity of the crossover, but the signal confirms that momentum built during March’s AI-sector rally is fading.\n\nOn the 4H chart, the MACD remains technically bullish, with the MACD line at 6.8 above the signal at 5.8 and a histogram of 1.0. The 4H Supertrend at $313.8 continues to act as dynamic support. However, the 4H histogram has compressed sharply from earlier sessions, and a bearish crossover on that timeframe would add meaningful confluence with the daily signal.\nCrypto analyst Michaël van de Poppe stated on X that TAO is “approaching one of those regions for dip buying in the coming weeks,” framing the current pullback as “just normal price behavior” following a triple-digit monthly rally. That view supports a base case in which $297.5 holds as a staging ground, not a breakdown level.\nKey Levels and Price Targets\nImmediate support: the 4H Supertrend at $313.8, followed by the structural demand zone at $297.5, visible on both the 4H and daily charts and flagged as a key floor during the March accumulation phase.\nExtended downside target: $263.7, the daily Supertrend. Previous analysis flagged a potential corrective move toward $200 if the pattern repeats from prior golden-cross fractals, though that scenario requires a sustained close below $263.7 to come into scope.\nBull case: a confirmed daily close above $371 invalidates the double rejection and opens the path toward $400. Bear case: a break below $297.5 targets $263.7. Invalidation: $371.\nDerivatives and Institutional Context\nCoinglass data shows TAO open interest has declined alongside price in recent sessions, consistent with long-side deleveraging rather than aggressive fresh short positioning. That configuration reduces the probability of a sharp squeeze near current levels and suggests the next directional move is more likely to be supply-driven than forced.\nGrayscale has also filed with the SEC to convert its Bittensor Trust into a spot ETF and increased TAO’s weighting to 43.06% in its AI fund, making it the fund’s dominant holding. Neither development provides a near-term price floor, but both reduce the probability of a sustained breakdown below key support if broader risk appetite stabilises.\nIf $297.5 holds on a daily close basis, the base case is a re-test of the $355 trendline. A confirmed break below $297.5 shifts the primary target to $263.7.\n\n\n\n\n\n                Read more:\n            \nMeta Is Cutting 200 More Workers in California Even as It Spends Billions on Artificial Intelligence","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}