TAO trades at $267 as analysts outline two key scenarios. Will Bittensor reclaim $275 or slide to $143 lows? Bittensor’s TAO token is holding a fragile line.  According to CoinGecko, TAO currently trades at $266.97. The token gained 1.88% in the past 24 hours but remains down 12.32% over the past week.  It traded between $256.10 and $348.45 in the last seven days. Momentum is shifting slightly bullish, though uncertainty still dominates the chart. Related reading:  Why Is Bittensor (TAO) Price Dumping? TAO Price Struggles Below the 200-Day Moving Average Crypto analyst @2xnmore flagged the situation directly on X.  TAO is trading below its 200-day moving average, currently sitting near $281. The token recently posted a lower high at $390, following a November peak of $475. Red volume is spiking, and the structure is raising red flags. The analyst pointed out two very different paths from here. Both remain possible. The outcome depends heavily on what price does next around key technical levels. $TAO is at $261 right now. Below the 200 day moving average. Fresh off a lower high at $390 after the November peak at $475. Volume spiking red today. Two scenarios are playing out from here. Only one wins. Scenario one: This is the shakeout before the move. The 0.618… pic.twitter.com/qfr7h6HC4r — 2xnmore (@2xnmore) April 12, 2026 @CyrilXBT also weighed in, noting TAO closed at $260 with a 4.78% red candle. The EMA 200 at $275 is proving difficult to hold. Until TAO reclaims that level with strong volume, he sees no long setup worth taking. Two Scenarios Playing Out for Bittensor @2xnmore outlined the first scenario as a potential shakeout.  Earlier this year, the 0.618 Fibonacci level held at $143. Price then nearly tripled from that support.  If TAO can reclaim the 200-day moving average at $281 with volume, the structure could shift bullish again. He cited institutions accumulating Bittensor subnets and real usage on Chutes as supporting fundamentals. The dTAO narrative also remains intact, he noted. The second scenario paints a different picture. @2xnmore described it as possible distribution. Smart money may have pushed price from $143 to $390 and is now selling into retail buyers.  Below $261, he sees the next real support between $200 and $220. A break there could trigger a retest of the $143 lows. He described the lower high after a failed 200-day moving average reclaim as one of the cleanest bearish signals in technical analysis. Key Support Zones Traders Are Watching @CyrilXBT highlighted the $200 to $240 demand zone as the last major defense below the current price. That zone held several times earlier this year.  TAO — $260 TAO is sitting right at the EMA 200 at $275 and failing to hold it.Closed at $260 with a -4.78% candle. The $200–$240 demand zone below is the last line of defense before things get ugly.That zone held multiple times earlier this year. If BTC loses the trendline,… pic.twitter.com/EpWQrqCR9G — CyrilXBT (@cyrilXBT) April 12, 2026 However, he warned that if Bitcoin loses its trendline, TAO will likely test that range again. Both analysts agree the $275 level is the immediate barrier.  Reclaiming it with volume is the minimum requirement for any bullish case. Without that confirmation, the chart structure favors the bears. The fundamentals behind Bittensor’s subnet ecosystem remain a talking point. But as @2xnmore noted, the price alone is what has broken down for now. The post Bittensor Holds $260: Expert Shares 2 Potential Scenarios for TAO Price appeared first on Live Bitcoin News.

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