What to know:
- Bittensor (TAO) is showing early recovery after a long downtrend, with strong demand near $160–$180.
- Resistance at $300 remains a major barrier for further upside momentum.
- A pullback toward $230–$260 could decide the next move in the short term.
Bittensor (TAO) has started to regain attention after shifting from a prolonged decline into a steady recovery phase, with market watchers closely tracking whether this rebound can evolve into a stronger trend.
Analyst Michaël van de Poppe sees the current TAO/USDT dip as a buying opportunity, with potential for higher levels. Daily charts show a structural shift after months of lower highs and lows, following a peak above $500 in late 2025.
That downtrend saw support at $160-$180, where there were buyers. This area acted as support; hence, the price stabilized. This saw the beginning of the uptrend.
This uptrend saw the price go up to $290-$300, where it encountered some resistance. Here, there were sellers who ensured that the price of Bittensor didn’t go any higher. This ensured that the overall trend remained bearish.
Source: X
Also Read: Bittensor (TAO) Buyer Pressure Surges as Price Tracks AI Narrative
Bittensor Critical Levels Define Short-Term Direction
The area between $230 and $260 is now an area to focus on. This area is consistent with consolidation that has happened previously, as well as being close to the moving average.
This area would be a key area to focus on if there is a pullback. A pullback to this area with lower volume could be healthy before trying to go higher.
Remaining above $230 is important for the continuation of the current uptrend. A break below this level will result in a weakening of the trend, which will see a drop towards the $180 demand zone.
On the upside, a strong break above $300 with increased volumes will result in clarity for the market. At that time, the targets will be $350 and $400, which are areas of resistance.
Weekly Structure Signals Ongoing Consolidation
According to the Tradingview analysis on March 23, the weekly chart is showing a cautious sentiment. Bittensor is consolidating in a wide range, with several false breakouts to move above the $300 to $320 range. The range corresponds to key moving averages acting as dynamic resistances.
The indicators show indecision. The RSI is hovering around the middle line. There is neither upward nor downward momentum. The MACD is trying to move above the zero line, indicating a possible start of a recovery.
Source: Tradingview
The Ichimoku indicator is also indicating a sideways market. The price is still below the Ichimoku cloud. It is considered a resistance line. To confirm the strength of the uptrend, the price should break through the $300–$320 range.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Bittensor (TAO) Faces Make-or-Break Moment With $440 Target in Focus
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