Bittensor (TAO) is on the bullish price trajectory along with the overall market as the crypto market shifts from a bearish to a bullish phase, and several major tokens are on the recovery.
TAO is currently trading at $328.5, with recent price action attempting a recovery from the $302. The market has seen multiple failed attempts to break above $360 in August, followed by a steady decline toward the end of the month.
Source: CoinMarketCap
Also Read: Bittensor (TAO) Eyes Strong Upside Breakout Toward $740
Technical indicators support this shift in sentiment. The RSI has climbed to 60, moving away from neutral territory and edging closer to overbought conditions, signaling strengthening buying pressure.
Source: TradingView
Meanwhile, the MACD has just flipped positive, with the blue MACD line crossing above the signal line, a classic bullish crossover that hints at further upward movement. If momentum continues, TAO could attempt another push toward the $350–$360 zone, though rejection at resistance could bring the price back to $320 support.
Crypto analyst Jonathan Carter highlighted that TAO, Bittensor’s native coin, is at a critical juncture with a test of the bottom support area of a bullish flag chart pattern on the 3-day chart. Technical analysts observe that such a consolidation chart pattern has been holding firm, but pressure is mounting as the market waits for the next decisive move.
The bullish flag chart pattern is classically described as a continuation pattern, typically formed after a strong upsurge before heading to the next ascent. For the setup to still be valid, however, TAO should hold its support trendline and ultimately ascend higher.
Source: X
The most important level to monitor is the 50-day moving average (MA 50). A successful move through this level of resistance might ignite a new burst of momentum, with initial upside targets plotted at $405, $500, $590, and finally $680.
These are successive areas of technical and psychological barriers, where profit-taking or trend strength confirmation might be sought by market players.
A failure to sustain the flag support, however, might negate the positive view and bring into focus a more substantial correction, making the current phase a make-or-break moment for TAO.
Also Read: Bittensor Price Prediction: Can TAO Rally Toward $495 Long-Term?
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