Bittensor ($TAO ) extended its bearish move for the fourth consecutive day, dipping by more than 5% and inviting further bearish control. Thanks to its sustained downside, selling pressure intensified too, with both price action and expert analysis suggesting that more losses could be <on the horizon.
At the time of writing, $TAO had lost 5.25% of its value in just over 24 hours to trade at $174.2. However, market participation over the same period surged notably, as evidenced by the trading volume which jumped by 15% to $117.50 million.
Such a hike in trading volume amid a fall in price means that TAO traders and investors are actively engaging with the current market trend, thereby strengthening the bearish outlook.
That’s not all though as according to a popular crypto analyst, TAO’s next major support level could be around $159. $XRP
