Bittensor surged to $296.1 after a 32.87% monthly drop, with TA volume hitting 10B as institutional products gain traction. Bulls defend higher lows and reclaim critical moving averages, but can institutional interest sustain momentum or will sellers cap the recovery at resistance?

Bittensor’s TAO has shed 26% over the past month, collapsing from $385 to $284.80 as the AI crypto narrative that once propelled it faces harsh reality checks. The decline accelerated despite November’s launch of Bitstarter, the ecosystem’s first dedicated crowdfunding platform, which traders hoped would inject fresh capital and momentum. The main question for traders is: can TAO find meaningful support before testing the psychological $250 level, or will the bearish momentum flush positions toward year-to-date lows?

Bittensor has taken the elevator down this past month, shedding 25.65% to trade at $284 after kissing $383.56 in late November. The irony here is thick – while Safello launched the world’s first staked TAO ETP on the SIX Swiss Exchange and Deutsche Digital Assets gained approval on Nasdaq Stockholm, price action tells a different story entirely. The main question for traders is: will institutional product launches provide a floor for this bleeding asset, or are we witnessing a classic case of “buy the rumor, sell the news” playing out in real-time?