The token, which powers the decentralized machine-learning network Bittensor, has seen a sharp 13% daily rise, currently trading near $393.
According to market analyst Michaël van de Poppe, TAO may have already reached its bottom. In a recent post, he highlighted that the asset has broken above its long-standing downtrend and crossed the 20-week moving average — a technical level often associated with renewed bullish momentum.
“The BTC pair looks ready to double,” van de Poppe noted, adding that the structure now mirrors the early stages of a new impulse phase. His comments come as traders observe rising trading volumes and a Relative Strength Index (RSI) nearing 70, signaling increasing buying pressure but not yet entering overbought territory.
On the daily chart, TAO has reclaimed a critical resistance zone around $380–$400, an area that previously capped multiple rally attempts throughout mid-2025.
A decisive close above this level could pave the way toward the $500 region, a key psychological barrier and potential reversal confirmation point.
The Bittensor ecosystem, known for rewarding AI model contributions through blockchain-based incentives, has continued to expand its community and on-chain activity. Despite broader market uncertainty, the project’s fundamentals remain solid, aligning with the recent technical recovery.
If the bullish scenario holds, TAO could soon transition from a long-term accumulation phase to a medium-term breakout, potentially positioning it as one of the stronger-performing altcoins heading into Q4.
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