Bittensor’s TAO Flashes Bullish Reversal: Is a Surge to $250–$700 Next?
Bittensor's native token, TAO, is painting a compelling chart. After a period of consolidation, key technical indicators are aligning to suggest a potential trend reversal. The whispers on trading floors aren't just hopeful—they're pointing toward a specific, ambitious target zone.
The Technical Setup
Momentum oscillators have begun their crawl out of oversold territory, while on-chain data hints at accumulation beneath the surface. It's the classic prelude to a move, where sentiment shifts before the price does. The pattern forming isn't subtle; it's the kind that gets technical analysts reaching for their Fibonacci extensions.
The Price Horizon
All eyes are on that $250 to $700 range. It's not a random guess plucked from the crypto ether—it's a calculated projection based on historical volatility and key resistance levels being tested. Hitting the lower bound would mark a significant recovery; touching the upper tier would signal a full-blown paradigm shift for the AI-focused network. Of course, in crypto, a 'calculated projection' is often just a fancy term for educated gambling with other people's money.
What's Driving the Shift?
Beyond the charts, the narrative is turning. The convergence of artificial intelligence and decentralized networks remains one of the few sectors where hype still has tangible fuel. Bittensor's core proposition—a decentralized machine learning marketplace—is catching fresh bids as developers seek alternatives to centralized AI models. Network activity provides the fundamental bedrock the charts are now reflecting.
The path from here isn't guaranteed, but the signals are clear. TAO has shaken off its lethargy and is preparing for a potential sprint. Whether it stumbles at the first hurdle or breaks the tape at $700 will depend on whether the smart money is actually smart, or just early.
TAO Shows Reversal Signals After Extended Downtrend
Moreover, another crypto analyst, CyrilXBT, pointed out that The token is now in a high conviction demand area after several weeks of steady pressure. The price had been going down for a considerable period of time, but the momentum of the decline has been dwindling. This indicates that the sellers are exhausted, and the decline in volume suggests that panic selling has already happened.
Source: CyrilXBT
If this level of support continues, it looks like TAO may be making the transition from distribution towards accumulation. As supply is being absorbed and the risk of further downside pressure reduces, it now looks more favorable towards a reversal. A reversal may bring about buy targets in the vicinity of $600-$700.
TAO Technical Outlook Supports Cautious Optimism
Bittensor presses on with its overall downtrend as it has not been able to retain previous levels around $450-$500. A trend of making lower highs and lower lows has been observed in Bittensor (TAO), with poor support on rallies. The support levels around $240-$260 are now acting as a resistance level, with spot levels currently just above strong support at around $200.
Source: TradingView
Momentum indicators remain negative. The RSI (14) is close to 38, indicating little buying momentum, and the MACD remains negative with the line below the signal line and larger red histogram bars. TAO is seen in the distribution phase turning into the downtrend phase, which is led by sellers. To turn positive, the price must recover above $260.
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