Crypto analyst Rekt Capital highlights a recent technical setback for TAO (Bittensor), suggesting potential downward pressure in the near future. Their analysis indicates that TAO failed to reassert its support at the $434 level, leading to a decline and confirmation of this area as new resistance. This pattern follows a historic precedent where previous instances saw Bittensor’s price break above $434, retest it successfully, and subsequently rally strongly toward the blue resistance point of $434. 2 weeks ago, the asset displayed similar behavior but failed to hold. Consequently, TAO is now trapped in a narrow range between the orange support zone and the blue resistance level of $434. The latest rejection signals that this upper limit remains intact, and momentum favors further price decline.