TAO Falls 8% After $180 Rejection — Will $165 Support Hold or Break Toward $160?

TAO2,23%
BTC0,64%
  • TAO rejected the $180 S/R flip zone, triggering an 8% decline on the 4-hour chart.

  • The token trades at $168.07, down 5.5% in 24 hours, holding just above $165.45 support.

  • A break below $165.45 exposes $160, while recovery targets $175–$178.82 resistance.

Bittensor’s TAO token extended its short-term decline after rejecting a key resistance zone highlighted on the four-hour chart. TAO/USDT is trading at the price of $168.07, which represents a decline by 5.5 percent in the last 24 hours.

The two are also exchanging at 0.002562 BTC which gains 2.1 percent compared to Bitcoin. The latest price movement depicts that there was a decisive rejection of the price at the support-turned-resistance zone of $180 then an 8 per cent fall at 180. It is important to note that the chart structure coincides with an S/R flip area which serves as a technical pivot.

$180 S/R Flip Triggers 8% Decline

The four-hour chart shows TAO climbing toward the $180 region before facing repeated selling pressure. Price attempted to reclaim that level but failed to secure a sustained close above it. Consequently, sellers regained control near the marked S/R flip zone.

Long upper wicks near $180 indicate rejection at resistance. Shortly after, momentum shifted downward as consecutive bearish candles formed. The pair then dropped toward the $170 area, completing an 8% move from the highlighted short zone.

$TAO S/R Flip Played Out 📉

We highlighted the $180 S/R flip zone as a short area — price has now dropped 8% since that call.

Clean rejection from resistance, momentum followed through.

Expecting it to go down further to $160 area 👀 pic.twitter.com/FEYiNv9Cao

— CryptoPulse (@CryptoPulse_CRU) February 23, 2026

This rejection established $178.82 as the immediate resistance level. In the meantime, the 24-hour range is an affirmation of pressure in a shrinking band between the resistance of $178.82 and support of $165.45.

Current Price Structure and Key Levels

TAO is trading at $168.07, which is slightly above its level of $165.45 support. Nevertheless, the price short-term dropped to the $167 mark during the recent sell-off. In the chart, the highs and the lows on the four-hour time scale are falling.

This trend indicates long term weaknesses. Also, the failure to recapture the lost $180 keeps the sellers busy around the point of resistance. This negative momentum is enhanced by the 24-hour loss of 5.5%.

The new defensive line has been established at $165.45. When the price comes back to this point, the traders will be looking at how the buyers take in the selling pressure.

Intraday Scenarios: $160 Test or $175 Rebound

In case TAO starts falling below the $165.45 mark, the price can spread to the 160 region indicated on the chart. The estimated downside objective coincides with the latest bearish continuation trend. A move toward $160 would maintain the existing lower-high structure.

However, if buyers defend $165.45 and push price higher, TAO could retest $175 intraday. A stronger recovery would then challenge $178.82 resistance again.

The bearish case today puts TAO within the range of $160 and 165. Bullish scenario, on the other hand, lies between $172 and 175 in case it is supported.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Composite Market Index (BCMI) Approaches High-Conviction Support Zone, Signals Value Accumulation Phase

Bitcoin's Composite Market Index is testing a crucial pivot level, indicating BTC is historically undervalued. Key metrics like MVRV and NUPL show reset investor sentiment, while a downtrend in the 90-day SMA suggests ongoing selling pressure.

GateNews54m ago

Shiba Inu Price Analysis: Layer 3 Innovation and Bullish Momentum Ahead

Shiba Inu shows recovery signs with key support holding and rising trading volume. Shibarium and Layer-3 upgrades strengthen utility, privacy, and ecosystem expansion across the network. Burn mechanisms and government-linked holdings add attention and long-term market interest. Shiba Inu

CryptoNewsLand1h ago

A huge Ethereum whale moves 2,000 ETH, seemingly preparing to sell

On April 17, an on-chain analyst, Ai Auntie, disclosed on the X platform that a long-term whale who has held a large amount of tokens since the Ethereum ICO period transferred 2,000 ETH (about $4.63 million) to a multi-signature address. The receiving address has been identified as a “designated sell” address in its history—funds are typically deposited to an exchange shortly after the transfer.

MarketWhisper5h ago

Trump Announces Israel-Lebanon Ceasefire as Bitcoin Reclaims $75,000

April 17, Bitcoin returned to around $75,000 as U.S. President Trump announced a 10-day ceasefire agreement between Israel and Lebanon, boosting market sentiment. However, a CryptoQuant report shows that the proportion of large deposits has surged to over 40%, suggesting institutions may be preparing to sell. In addition, Bitcoin faces key technical resistance in the $76,000 to $76,800 range, and the market remains cautious about how events will unfold next.

MarketWhisper7h ago

Optimism boosted by the U.S.-Iran ceasefire agreement helps Bitcoin hold steady at 75K

Israel and Lebanon reached a 10-day ceasefire agreement, U.S. stock index benchmarks hit new highs, and market sentiment is optimistic. Bitcoin is hovering around 75K; with capital flowing in, the rally is gradually gaining momentum. Keep an eye on the 78K resistance level.

ChainNewsAbmedia8h ago

Bitcoin Hovers Near $75K as Whales Accumulate 270K BTC Over 30 Days, Largest Since 2013

Bitcoin nears $75,000, driven by significant whale accumulation of 270,000 BTC and low exchange reserves. Despite fluctuations and negative funding rates, it rebounded after geopolitical news, with futures inflows increasing since March.

GateNews11h ago
Comment
0/400
No comments