Bittensor (TAO) is trading at $335.68, gaining 7.51% over the past 24 hours, according to CoinMarketCap data. Trading volume surged to $867.07 million, marking a sharp 114.38% increase and signaling renewed market participation after a period of consolidation.
Over the past seven days, TAO has risen 4.79%, reflecting steady upward momentum. The recent spike in liquidity suggests growing trader interest as the asset approaches a key resistance zone. Analysts note that increased volume often precedes decisive price movements, making the current setup critical for short-term direction.
Crypto analyst Ardi states that Bittensor is forming a continuation pattern on the 4-hour timeframe following a curved accumulation phase. This structure, often referred to as a rounded base, typically indicates a transition from selling pressure to gradual accumulation.
Price is currently testing the $330–$335 resistance zone, which has historically acted as a supply barrier. A recent bullish candle accompanied by rising volume suggests a breakout attempt may be underway. According to the analyst, a sustained move above this range could open the path toward the $365–$375 region.
Technical indicators also support this outlook. Short-term moving averages are now acting as dynamic support, while higher lows continue to form along an upward trendline. However, failure to hold above $330 could result in a pullback toward the $310–$315 support range, where buyers may attempt to stabilize price action.
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Crypto analyst Whales_Crypto_Trading highlights that TAO continues to trade within a well-defined descending channel on the 3-day chart. This structure reflects a broader bearish trend, characterized by lower highs and lower lows over several months.
Price is currently testing the lower boundary of this channel near a historical demand zone, which may support a short-term rebound. A successful defense of this level, combined with a breakout above the channel and reclaiming the 50-period moving average, could signal a shift in market structure and open the path toward the $600–$700 resistance zone.
However, this bullish scenario remains conditional. A breakdown below the current support zone would invalidate the reversal outlook and likely extend the prevailing downtrend. Analysts emphasize that broader market conditions, particularly Bitcoin’s price direction and overall crypto liquidity, will play a key role in shaping TAO’s next move.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read | Bittensor (TAO) Holds $300 Support With Upside Targets at $370 and $500
