TAO Price Teases 200% Breakout—But Bulls Still Need This One Signal
Bittensor’s TAO token flashes bullish patterns that could triple its value—if it clears this critical resistance level. Crypto traders are watching the charts like hawks, but Wall Street ’experts’ remain blissfully unaware (as usual).
Key levels to watch: A clean break above $650 opens the floodgates for TAO’s next leg up. Until then? All this hype is just another crypto casino chip waiting to get stacked—or swept.
Key technical points
- TAO Breaks Bearish Market Structure: TAO has broken the most recent lower high, signaling a potential shift in trend for the first time since the range high.
- Testing the 0.618 Fibonacci and VWAP: Price is now testing the golden Fibonacci level, which aligns with the VWAP drawn from the top of the current downtrend, forming a crucial area of technical confluence.
- Point of Control (POC) as a Pivot Zone: If TAO confirms a higher low at this zone, where POC, VWAP, and 0.618 Fib all intersect, it increases the probability of a strong bullish impulse.
From a technical perspective, this current zone of interaction is highly significant for TAO. The confluence of key indicators, specifically the point of control, 0.618 Fibonacci level, and anchored VWAP, creates a strong area of interest. If buyers defend this level and TAO forms a higher low, the setup for a Wave 3 bullish impulse becomes far more likely. This would target the previous range high, equating to a projected 200% rally from the current zone.
Zooming out to the macro structure, TAO remains inside a large sideways range. The recent bounce from the range low shows clear signs of buyer activity, indicating demand at lower levels.
Should TAO begin consolidating above this confluence zone, form a bullish market structure, and show strong volume profile support, the odds of a full range rotation increase sharply.
What to expect in the coming price action
TAO is at a critical inflection point. If the higher low confirms at this confluence zone, the bullish case strengthens dramatically. A successful retest could spark a powerful continuation move, offering one of the clearest 200% setups in the current market structure.
