Bittensor has shown strong price action, defying broader market volatility as it continues to maintain key support levels. Analysts suggest that the asset may be on the verge of a major breakout, with trading volume surging by 93.82% over the past day. Veteran analyst Crypto Rand expressed optimism on X, stating, “$TAO doesn’t care about the market shakeouts, looking absolutely bullish and strong”.
A review of TAO’s price chart shows that the cryptocurrency has rebounded from strong support levels around $345–$350, setting up for a potential move toward higher resistance zones. Traders are monitoring whether the price can break key trend lines, which could signal the next phase of bullish momentum.
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Key Support Levels Hold as TAO Attempts a Breakout
The $345–$350 zone has served as a reliable support level, with price action bouncing off this range multiple times. The double-bottom formation at this level suggests that buyers are stepping in aggressively each time TAO’s price dips into this area.
Despite market shakeouts, the asset has managed to stay above this floor, reinforcing the case for continued strength. The ability to maintain these levels indicates buyer control, while sellers have been unable to push the price lower for an extended period.
Bittensor Trend Line Breakout Could Fuel Further Gains
TAO’s price is testing a descending trend line that has acted as resistance since early January. A break and sustained close above this trend line could signal the beginning of a stronger upward movement. If the breakout is confirmed, traders will likely target the $415–$430 range, which has been a historical resistance area.
Beyond this level, momentum could extend toward the $460–$480 zone, where previous price action suggests a higher accumulation area. A successful move past these levels would open the door for further upside potential.
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Expert Sentiment Aligns with Bullish Structure
The tweet from Crypto Rand aligns with TAO’s price resilience, suggesting that the asset is showing strength relative to the wider market. The ability to hold key support levels and challenge the trend line adds weight to the bullish outlook.
With trading volume surging nearly 94%, increased market participation could further drive Bittensor’s price movement. Traders are now watching for confirmation of the breakout, with a close above the trend line likely to reinforce confidence in the potential for continued bullish momentum.
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