Bittensor (TAO) has fallen below the critical $290 support level, marking a bearish turn in its market structure. The cryptocurrency's 24-hour trading volume surged to $1.5 billion, the highest since early October, yet the market remains seller-dominated. Both spot and futures markets are experiencing significant selling pressure, with the spot trading platform CVD showing reduced buy volumes. The breach of the $290 demand zone, which had been a stronghold for months, suggests potential further downside unless buying interest resurfaces. The current market dynamics indicate a challenging environment for TAO, with sellers maintaining control and buyers needing to regain momentum to stabilize the price.