<ul><li>Crypto analyst Rekt Capital highlights that TAO failed to reclaim a key technical level, signaling a potential deeper retest within its current range.</li><li>Historically, Bittensor (TAO) exhibited a pattern where it breaks above the support level, retests it successfully, and moves towards the $434 resistance level. However, recent price action indicates a shift in this pattern.</li><li>TAO recently faced rejection at the $434 resistance level, failing to confirm it as support and closing back below it. This rejection suggests a change in momentum towards the downside.</li><li>With TAO now stuck in a range between the support and resistance levels, analysts anticipate another drop towards the support level if $434 is not reclaimed quickly. Failure to defend the range low could lead to a deeper breakdown.</li></ul>

Bittensor Faces Rejection at $434, Risks Further Drop

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