- TAO confirms weekly double bottom breakout, setting $1,335 as the mid-term price target.
- Strong 1W close above $770 neckline signals structure validation and buyer control.
- 93% buy-side surge on April 17 confirms momentum shift across lower timeframes.
Bittensor’s TAO token has triggered renewed attention after completing a textbook double bottom formation on the weekly timeframe. A follow-through breakout and strong short-term rally now align both high and low timeframe signals.
Weekly Reversal Structure Forms
The TAO/USDT weekly time frame displays a structural reversal that spans from mid-2023 to April 2025. Price action carved two symmetrical lows near the $230 mark before reclaiming a long-standing resistance zone.
This development initiates a key technical breakout sequence. A prominent analyst, Bitcoinsensus, provided a detailed technical analysis of the breakout setup and its implications. Spotting a shift in buyer strength, he began to dissect the double bottom’s neckline formation near $770. Between July 2024 and February 2025, the TAO price repeatedly rejected off this neckline resistance.
The breakout candle occurred in mid-April 2025, confirming structure with a full-bodied weekly close above $770. This activation triggered the measured move projection from the $230 low to the $770 neckline. Mirroring that vertical distance above the neckline sets a projected price target of $1,335.
Given the timespan’s layout, Bitcoinsensus observes a clean pullback scenario in progress, consistent with post-breakout retests. Candlestick behavior near the neckline confirms this retest phase, with price returning to validate support. The analyst marked the neckline zone with a grey resistance band to emphasize previous rejection zones. With a fresh 1W close above key levels, he restructured his outlook, accordingly, confirming a bullish continuation bias.
Short-Term Momentum Confirmation
While the weekly time frame is a mid-term reversal, intraday activity adds confirmation through high-volume breakout action. The TAO 5-minute time frame recorded a breakout move on April 17, marked by aggressive volume expansion and clean trend alignment.
Triggered by a change in trend direction, Coin Sonar V2 turned attention to the 5-minute session. Early trading showed compression between $231 and $235 with low conviction and flat momentum. A sustained accumulation zone lasted from 6:25 to roughly 14:23.
Seeing how momentum shifted, Coin Sonar V2 narrowed in on the vertical rally beginning at $232. Candlesticks turned steeply bullish as price broke past $239 and $243 and ultimately topped at $246.1. Volume confirmed the breakout, with over 93% buy-side dominance during the push.
Based on this pullback, he outlines potential upside continuation if momentum sustains above local consolidation blocks. Minor pauses near $239 and $243 signaled buyer absorption rather than exhaustion. TAO price closed at the session high, with no selling wick disrupting the final breakout candle. Both timeframes, weekly and intraday, now align structurally and behaviorally. Momentum, structure, and volume reinforce a continuation scenario for TAO in the near term.
