Bittensor $TAO is exhibiting technical weakness, trading at approximately $191.90 following a multi-month downtrend.

Technical PositioningTrend Dynamics: The medium-term trend remains firmly bearish, characterized by a persistent sequence of lower highs.

Key Resistance: Heavy overhead resistance sits at $214. The asset is currently trading below all principal short-term Exponential Moving Averages (EMAs), indicating that sellers dominate recent relief rallies.

Critical Support: Immediate monthly support rests between $180 and $182.50. This is the lower boundary of a falling wedge pattern.