Bittensor [TAO] has seen a considerable drop of 46% since February, initially valued at 500 USD. The current bearish trend could lead to a fall to 216 USD. However, despite this, indications suggest a potential price bounce might occur between 250 USD and 260 USD if it manages to hold.

Key market indicators hint at a substantial liquidity zone around 300 USD, with the Awesome Oscillator showing strong selling momentum. Traders might find opportunities after a retest of the 250 USD to 260 USD range, keeping a close watch on Bitcoin’s price movement.