Bittensor price just woke up in a big way. After weeks of drifting lower, the chart is now flashing a major bullish signal that has traders buzzing. Top analyst Rand says a “full bullish setup” is in play, and the latest price action backs that up.
Rand’s weekly chart points to a falling wedge pattern that has been forming for months. This setup is often a sign that sellers are running out of steam.
Over the past few days, TAO price finally broke out of the wedge, which is exactly the confirmation that bulls have been waiting for.
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Key levels stand out. There’s solid support around $280 to $300, an area that has acted as a floor several times. If momentum keeps building, the next big target is near $500–$520, with a stretch goal around $1,000 if the trend really accelerates.
Volume tells the same story. Trading activity has ticked higher on the breakout, suggesting this isn’t just a quick fake-out. Buyers are stepping in with conviction after months of quiet trading.
Why the Breakout Matters
Rand summed it up well: “full bullish setup, send it.” After a long consolidation, this breakout hints at a trend reversal that could send TAO price much higher. A falling wedge breaking to the upside often means sellers are done and the path of least resistance is up.
The key now is follow-through. If TAO can stay above the breakout line and build a series of higher lows, that strengthens the case for a move toward $500 and beyond.
TAO Price Outlook
Short term, watch how TAO behaves if it pulls back to retest the breakout area near $300–$320. Turning that old resistance into new support would be a strong sign the bulls are in control.
From there, a clean push above $500 could open the door to the long-term $1,000 target that Rand’s chart points to.
Bittensor price has finally broken free from a long falling wedge pattern. If this breakout sticks, TAO could be starting a major new uptrend, with $500 as the next key milestone and $1,000 sitting in the distance as a bold but realistic goal.
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