Bittensor (TAO) Price Forecast: Weekly Support Zone Could Trigger $450 Rally

Bittensor's TAO token is testing a critical weekly support zone—and a bounce could spark a $450 rally.

Technical traders are watching the charts as TAO flirts with a make-or-break level. The network's unique decentralized AI proposition continues to draw long-term believers, even as short-term sentiment wobbles with the broader market.

Why This Level Matters

Support zones aren't just lines on a chart; they're battlegrounds where buyer conviction gets tested. For TAO, holding this area is crucial for maintaining its bullish structure from earlier this year. A failure here would signal deeper corrective pain, while a firm rejection could be the launchpad for the next leg up.

The $450 Target

That specific rally target isn't pulled from thin air—it aligns with key Fibonacci extensions and previous resistance-turned-support areas. It represents a clear technical objective if buyers step in with force. Of course, in crypto, targets are more like suggestions whispered during a hurricane.

Market Mechanics at Play

Beyond the lines and numbers, the move hinges on core market mechanics: accumulation versus distribution. Is smart money quietly loading up at these levels, or are retail holders capitulating? The answer will dictate the next major price swing.

Remember, a forecast is just a story until price confirms it. TAO's narrative—a decentralized AI powerhouse—remains compelling, but the market has a habit of humbling even the prettiest charts. After all, in traditional finance, they have earnings reports; here, we have vibes and volume.

TAO Could Surge to $450 if Weekly Support Holds

Moreover, another crypto analyst, Crypto Pulse, noted that TAO has also moved back to an important weekly demand zone, where buyers always react to support prices. This zone has always resisted a downward movement, giving a strong background for any gains. Market observers have noted this point to be an important milestone, signaling that perhaps a bullish breakout might be in the cards for TAO.

Source: Crypto Pulse

The upside targets for $TAO remain at $300, $350, and $450, depending on market momentum. Despite this, traders must exercise caution because breaking below this level WOULD mean that the current bullish pattern would no longer be valid. Traders watch this level closely because they understand that it would soon clarify whether TAO would continue moving upwards or experience a pause in its movement.

Technical Indicators Suggest Increasing Bullish Strength

Momentum indicators are also telling the same story. The RSI recently bounced up from the oversold zone in the vicinity of the low twenties. It is now in the vicinity of forty-eight, which is in the middle area below the golden zone of RSI above fifty. It is indicating better momentum; however, the buyers do not entirely have control.

Source: TradingView

However, there is an indication that the MACD is turning positive. The MACD is above the signal line, and the histogram is also positive, indicating an increase in bullish pressures. However, both lines are still below zero. Therefore, a general trend is still bearish until enough follow-through is seen to turn markets more positive.

Also Read: Bittensor (TAO) Faces Downside Risk Unless Price Reclaims $292