Bittensor (TAO) traded bullish over the past week, rising from around $312.55 to $334.4. The price peaked near $352 before experiencing a mild correction and stabilizing.
Overall, crypto maket sentiment, has recorded an approximate 7% increase, showing renewed buying momentum.
As of today, TAO is showing a decline from around $346.95 to $336.2, reflecting short-term bearish momentum followed by stabilization.
After the initial drop, the price moved within a narrow range, indicating market indecision as buyers and sellers balanced out.
At the press time, Bittensor (TAO) was trading at $332.31, reflecting a modest 1.71% decline for the past 24 hours.
Source: CoinMarketCap
According to analyst Crypto Zee, Bittensor (TAO) is currently consolidating above the strong $310 support zone, which has acted as a key foundation for the recent bullish structure.
This stability indicates that buyers are actively defending this level, preventing further downside pressure.
The chart shows a descending trend line acting as resistance, and TAO is now approaching this critical barrier.
A confirmed breakout above it would signal a major shift in market sentiment from bearish to bullish, inviting stronger upward momentum.
Source: X
If this breakout occurs, analyst expects an explosive rally toward the $460 target, reflecting renewed investor confidence.
This setup presents an attractive risk-to-reward opportunity, as the breakout could mark the beginning of a sustained uptrend.
Bittensor price holds steady around $332 amid early bullish momentum
The 1-day chart for Bittensor (TAO) shows a mild upward recovery after a period of consolidation.
The price is currently trading around $332, with the nearest support level observed near $320, while the key resistance lies at approximately $340–$345.
The overall trend suggests that buyers are slowly regaining momentum.
TAO 1-day price chart, Source: TradingView
The MACD indicator displays a potential bullish crossover as the MACD line moves above the signal line, hinting at increasing buying strength. Meanwhile, the histogram turning green reinforces this positive sentiment.
The Chaikin Money Flow (CMF) is slightly above zero at 0.02, indicating modest capital inflow into the market, which supports the view of growing buying activity and possible short-term bullish continuation.