- The resistance zone at which Bittensor (TAO) is doing the testing is the distance between $290 and the current high of $475 which is a critical inflexion point of bulls.
- Analysts observe that a close of above $475 per day might confirm a break of the structure and bring about a continuation rally to the level of $600.
- Technical indicators such as a bullish MACD and a rising Stochastic RSI show that there is a rising momentum as TAO retest its major resistance point around $500.
Bittensor (TAO) is approaching a crucial resistance zone, with traders closely watching whether the token can sustain its recent momentum above $475 to confirm a potential continuation rally toward $600.
$TAO Approaches a Key Technical Barrier
Bittensor ($TAO) is hovering near a critical technical level as it tests the $475–$500 resistance band for the second time after a long bull run. The market statistics show TAO trading at $440.02, from a 4.36% drop in the past 24 hours and a 31.94% rise in the past week. The recent price surge follows a strong break from the $290 level, an indication of new buyer confidence after weeks of settling.
As noted by technical analyst Ali (@ali_charts), the $475 level has worked effectively as a historic rejection point before, causing numerous pullbacks in earlier attempts.He noted that a sustained daily close above this level would confirm a structure break and could flip the area into new support. This scenario would set the stage for a potential continuation rally toward $600 — the next liquidity target observed on higher timeframes.
However, failure to clear this resistance might result in short-term retracement. Analysts suggest that if sellers regain control, TAO could revisit the $365–$380 region for reaccumulation before attempting another push higher.
Technical Indicators Point to Bullish Momentum
Momentum indicators show strengthening bullish signals on multiple timeframes. CryptoPulse pointed out that TAO is retesting daily resistance around $500, with weekly Stochastic RSI crossover to the upside and MACD turning positive. The shift reflects increasing buying pressure and a possible resumption of the uptrend if price closes strongly above resistance.
The recent rally also drew the interest of momentum traders who look for confirmation in the form of increased volume. A breakout candle with good participation could verify a push to $600, while volume weakness on any pullback might indicate ebbing momentum.
In the meantime, market players also tread with caution as the steep run-up from early October left limited consolidation zones below current levels. A correction, if it occurs, may allow the market to stabilize before further gains.
Market Outlook as Bulls Test the Ceiling
Bittensor’s market structure now rests on how it reacts to the $475–$500 barrier. A break would suggest a probable shift towards higher price discovery levels, extending the trend to $600. Rejection would lead to an interim temporary pause in the trend, offering buying opportunities at lower levels.
At present, Bittensor (TAO) is in active trading with daily volume that is over $865 million, showing high market participation and liquidity. The upcoming sessions will determine whether the bulls can rule the market again or if the resistance area will once again hold strong.
With sentiment leaning cautiously optimistic, traders are closely watching TAO’s next move as it stands at one of its most decisive technical junctures of the quarter.
