Bittensor (TAO) is nearing a significant support zone between $260 and $310, with current prices stabilizing around $293.20. As the market anticipates the upcoming halving, traders have reduced leverage, leading to a controlled correction. Liquidation data indicates balanced activity without major spikes since early October. Analysts note that the impending halving may be influencing the current market sentiment. However, the historical strength of the support zone suggests a potential rebound post-halving, as it has consistently held firm in past cycles.