Bittensor (TAO) price is recovering after withstanding sustained selling pressure and reclaimed levels around $242 with over 13.5% rise in the past 24 hours. The volume has also increased by more than 91% to reach close to $280 million. The token surged sharply over the past session, reclaiming an important technical level and reigniting speculation that the recent correction may be nearing its end.
With this surge, the TAO price has landed in a crucial price range, breaking which may validate the beginning of a fresh ascending trend. The next few sessions could determine whether this move develops into a larger breakout or fades into another temporary relief bounce.
Bittensor (TAO) has staged a sharp recovery after finding buyers at a crucial long-term support trendline just below $200. As bulls attempted to gain control, the price surged above $240, piercing through the local resistance at $216. Despite the rise, the broader market sentiments remain mixed as the rally is yet to validate the prevailing bullish divergence.
The RSI spiked to 50 as the momentum briefly shifted from bearish to bullish, while the DMI is showing signs of a bullish crossover. This suggests that buyers are slowly becoming more active, but the decisive bullish trend is yet to be confirmed.
The first resistance level to watch is between $258 and $260, and a breakout beyond this range may push the price towards $300. If the traders book profit, the support at $216 may offer a base, aiming to prevent a drop below $200.
TAO has delivered one of its strongest rebounds in recent weeks, supported by improving momentum indicators and stronger buying activity. The recovery suggests that bearish pressure is easing and that buyers are attempting to regain control.
However, the token remains below major resistance levels, and if buyers can break above the $270 region, it may eventually reclaim $300. Until then, the Bittensor price is believed to remain consolidated around $280.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin is back in the spotlight, but not because of its price. While the world's…
AAVE price may be up 3% today, but the market’s attention is increasingly shifting toward…
Cardano (ADA) price has surprised the market by gaining more than 11% over the past…
Story Highlights The live price of the Rune token is . The RUNE price may…
Litecoin price may not be flashing breakout signals just yet, but on-chain data suggests something…
People are getting excited about the SpaceX IPO. Yet some investors are wondering if this…
