TAO, the native token of Bittensor, is showing signs of breaking free from its months-long downtrend. The price has pushed through a key resistance level, suggesting the bear market might finally be ending.
Crypto analysis page on X, World Of Charts pointed this out recently, stating: “After Long Downtrend Tao Finally Breaking Crucial Resistance, Expecting Successful Breakout Too, Successful Breakout Can Send It Towards 400$.”
What you'll learn 👉
TAO Price Breaks Important Barrier
TAO price has been stuck in a downward channel since January. This pattern shows up as two downward-sloping lines that contained the price movement. What’s exciting now is that TAO has broken above the upper line of this channel.
This breakout happened around the $230-$240 price zone. This area had previously acted as support before becoming resistance during the downtrend. Breaking through this level is a big deal because it might signal a change from sellers being in control to buyers taking over.
Bittensor Price Shows Signs of Recovery
Looking at Bittensor’s price history, we can see that it often goes through cycles of drops followed by recoveries. The current situation looks like earlier patterns where prices fell for a while before climbing again.
TAO has started making higher lows—which means each dip doesn’t go as low as the previous one. This is usually one of the first signs that selling pressure is weakening. Combined with the breakout that World Of Charts highlighted, it suggests Bittensor might be ready to leave its bearish phase behind.
What Could Happen Next with TAO?
If this breakout holds, World Of Charts believes TAO could reach around $400. That would be about an 80% increase from the breakout level of $230.
Read Also: How Much Will 2,000 Bittensor (TAO) Tokens Be Worth If Bitcoin Dips to $70K
Before getting too excited, though, there are some things to watch for. First, we need to see if the price comes back down to test the old resistance (around $230) and bounces off it rather than falling below. This would confirm that the old resistance has become new support.
Trading volume is also important. A true breakout should have strong buying volume behind it. Without this, the move might not last. The overall crypto market will play a role too. Even strong technical signals can be overwhelmed if the broader market moves strongly in the opposite direction.
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