Over the last seven days, Bittensor (TAO) has seen a 6.5% increase in its value, bringing its market cap just below $4 billion. Despite this rise, it has corrected by 6.6% in the past three days, leading to a weakening of key technical indicators such as momentum and trend strength.

While TAO has managed to maintain support levels above $440, there are emerging bearish signals on various charts. The direction in which TAO moves next, whether it climbs back with bullish momentum or falls below $400, will significantly impact its future trajectory.

The directionality of TAO's trend is waning as reflected in the ADX chart, which has dropped from 47 to 23.16 in the last three days. The current ADX value suggests that the recent trend is losing steam and might undergo a transition phase. Despite this, according to CoinGecko, Bittensor is the leading artificial intelligence coin in the market, surpassing competitors like NEAR, ICP, and RENDER.

Furthermore, the weakening trend is highlighted by the decrease in the Positive Directional Indicator (+DI) and the increase in the Negative Directional Indicator (-DI), indicating a shift towards bearish momentum.

Additionally, TAO’s Relative Strength Index (RSI) has dwindled to 48.46, indicating a slight bearish bias despite a brief period of increased selling pressure. TAO's price recovery from the recent dip still lacks strength, with the RSI struggling to stay above 50.

The article also mentions that TAO has recently tested key support levels and rebounded above $440 but faces a critical test for a momentum recovery. It emphasizes that failure to hold support around $434 and $417.6 could drag TAO's price down to around $380.

Ultimately, Bittensor's future trajectory hinges on the balance of bullish and bearish forces in the market, with potential implications for its market leadership as the top AI coin.