- Bittensor (TAO) broke its descending channel, signaling a potential bullish reversal with targets near $400.
- The token gained over 5% in 24 hours, with traders showing strong long positioning on Binance.
- Despite past corrections, TAO shows +270% lifetime growth, reinforcing its long-term resilience.
Bittensor (TAO) has staged a decisive breakout from its descending channel, sparking optimism among traders as momentum builds. The move follows weeks of consolidation, with technical signals now pointing toward the possibility of an extended rally toward the $400 level.
Bittensor Breakout Signals Shift in Market Structure
Bittensor (TAO) has broken free from a descending channel after weeks of consolidation, signaling renewed momentum in the market. The breakout follows a strong defense of support levels near $310, where selling pressure failed to extend further. This shift suggests the potential for a broader recovery as the token gains bullish traction.
World Of Charts (@WorldOfCharts1) shared analysis showing TAO breaking out of its downtrend, pointing toward a possible rally toward $400. The token reclaimed resistance near $325, a level that previously acted as a supply zone. This technical reclaim, supported by rising momentum, establishes the groundwork for a fresh upward leg. The projected move, if sustained, suggests an advance of about 24.22%, aligning with the breakout structure.
The chart structure also indicates that TAO is now producing higher lows and higher highs, a sign of strengthening buyer activity. Traders will be watching for consistent follow-through above $325–$330 to validate the breakout. If volume expands in this zone, the bullish continuation could gather pace rapidly.
Recent Price Performance Strengthens Bullish Case
TAO’s price has surged from $323-$341 in a strong intraday move, registering a 5.34% gain in 24 hours. This sharp rise confirms renewed market confidence and builds on the technical breakout. The live Bittensor price is as of writing at $340.68 and a trading volume of 100.7 million with a 24 hour trading volume.
Short-term performance supports the bullish setup. TAO increased over the past 4 hours by +3.09 and the 7 day performance stands at +8.03. But recent corrections are negative at -8.82% and -18.73% over the last 30 and 90 days respectively. Year-to-year data depict a negative change of -22.59% although the long term prospects are more favorable.
Over 180 days, TAO posted a +31.39% increase, while the one-year return stands at +45.21%. TAO has survived the volatility since its launch and has recorded +270.00. Such long term gains give us a sense of strength in the background even as we experience transitory changes.
Market Sentiment Points Toward Further Upside
Long/short data reveals traders are leaning strongly bullish on TAO. Binance shows a long to short ratio of 1.4839, indicating a position of confidence in the future rise. This is an indication that traders are aligning with the breakout story and anticipating further growth.
Maintaining the $325–$330 breakout zone remains crucial for confirming momentum. Should TAO hold this level, buyers could push price action closer to $400, where historical liquidity clusters exist. A failure to sustain would not cancel the broader structure but may delay upward continuation.
The technical breakout, combined with growing trading activity and favorable sentiment, points toward the possibility of TAO regaining stronger levels. World Of Charts emphasizes that follow-through remains key, as sustained momentum could pave the way for a trend reversal after prolonged downside pressure.
