Bittensor Defies Gravity: Will TAO Skyrocket 20% From Make-or-Break Support?

Bittensor's TAO token teeters on the edge—again. Either it bounces hard or joins the graveyard of 'next big things.' Here's why traders are glued to their screens.

The Line in the Sand

TAO's clinging to a critical support level like a crypto trader to their last stablecoin. A 20% rally isn't just possible here—it's the minimum viable hopium for bulls.

The Casino Remains Open

Market makers love these setups. Either they trigger stop losses below support or squeeze shorts on the way up. Meanwhile, retail 'investors' get to flip a coin—classic crypto.

Watch the order books, ignore the 'fundamentals,' and for god's sake don't marry your position. This isn't investing—it's speed chess with your rent money.

• Bittensor (TAO) is trading at $338.50, holding above key support between $336 and $340 despite a 3.45% dip
• A double bottom pattern is forming on the daily chart, suggesting a potential bullish reversal
• Selling pressure is fading while price action remains steady, indicating possible upside momentum
• A breakout above $351 could lead to targets at $363, $378, and $400 in the near term

Bittensor (TAO), the native token of the decentralized AI protocol, is currently trading at $338.50, showing a modest intraday dip of 3.45%. Despite recent downside movement, TAO is holding above a crucial support level between $336 and $340, a range that previously marked the base of a strong April rally.

This key technical floor is once again attracting buyer interest, hinting at a potential bullish reversal that could shift the market sentiment in favor of the bulls.

Bittensor TAO Eyes Bullish Breakout

On the daily chart Bittensor, TAO has been consolidating after a healthy correction from its May highs. Price structure shows the formation of a double bottom pattern, a classic bullish setup that often precedes strong upward moves.

The declining selling volume alongside flat price action suggests that bears may be exhausting their momentum, creating room for a bullish turnaround.

From a shorter-term perspective, the 4-hour chart TAO strengthens the bullish outlook. TAO is currently trading NEAR key short-term moving averages, including the 9 EMA ($348.70) and 20 SMA ($351.31).

A clean breakout above these levels could trigger a strong upward leg toward the next resistance zones at $363, $378, and potentially $401. Price compression and the repeated defense of the lower range further indicate that a bullish breakout could be imminent.

If TAO successfully reclaims the $360–$365 resistance band, it could ignite a fresh rally targeting the $400 psychological level and beyond. With technical support intact and momentum indicators beginning to flatten, Bittensor (TAO) may soon enter a new phase of bullish continuation, especially if broader market conditions stabilize or improve.

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