Bittensor (TAO) is gaining bullish momentum after breaking out of consolidation and reclaiming key support. Positive MACD signals and improving Bollinger Band structure reinforce the outlook, while sustained buying could drive further upside. Holding support remains essential to preserve the bullish setup.
At the time of writing, TAO is trading at $234.70 with a 24-hour trading volume of $249.38 million and a market capitalization of $2.64 billion. Despite the 5.96% loss over the last 24 hours, the TAO price structure and improving technicals point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: TAO Price Eyes $1,500 as Bullish Breakout Meets Robotics AI Growth
TAO Price Eyes $400 After Bullish Breakout
According to the crypto analyst Crypto With Gopal, Bittensor (TAO) is showing renewed bullish momentum after breaking out of a long rectangle consolidation pattern.
The token has reclaimed the $240–$250 zone, suggesting buyers are returning after months of sideways trading. This recovery has improved the market structure and could signal the early stages of a broader trend reversal if demand continues strengthening.
Source: Crypto With Gopal’s X Post
The next significant challenge will be the $290 level, a breakout of which will help in confirming the bullish scenario and taking up a further move higher.
In case of continuation above the $290 mark, the price of TAO may climb up towards the $400 mark. It should be noted that retaining the $240-$250 support zone is important.
MACD and Bollinger Bands Point to Positive Outlook
The data from TradingView further highlighted that Bittensor (TAO) has made a strong move since bouncing off from the $190-$200 zone, as the price moved above the middle of Bollinger Bands at $214.33.
The cryptocurrency tried to touch the upper band at $251.39 but later pulled back to $234.61. However, the overall technical picture in the short term is positive due to buyers’ support on higher levels.
Source: TradingView
The bullish bias is confirmed by the MACD indicator, as the MACD line stands at 11.13 and is higher than the signal line, which is at 7.54, and the positive histogram shows increasing momentum.
The next step for buyers would be to regain the $250-$255 range; otherwise, falling below the middle Bollinger band at $214.33 will show more correction.
What Happens Next?
TAO prices may attempt to verify if buyers can protect the support zone of $240-$250 levels. A continuous rise above $250-$255 levels will boost bullish sentiment and propel Bittensor towards the $290 level.
Penetrating the $290 barrier will facilitate the next rally towards $400, whereas failing to hold the Bollinger Band middle line of $214.33 may fuel further declines.
Also Read: Bittensor Price Prediction: TAO Targets $1,500 as Buyers Defend $200
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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