TAO has recently shown signs of breaking free from its extended bearish market structure with a decisive impulse move. While this shift is promising, if a higher low is established at a key confluence zone, TAO could be setting up for a potential 200% rally toward the previous range high.
Over the past several weeks, Bittensor (TAO) has been locked in a steady downtrend, consistently printing lower highs and lower lows. That pattern may now be changing. The recent impulsive move broke above a significant lower high, marking the first real break in TAO’s bearish structure. Now, price is hovering around a high-probability zone for continuation—provided buyers can confirm a valid higher low.
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.
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.
Disclosure: This article does not represent investment advice. The content and materials featured on this…
Polestar, according to the original mission statement, is an electric premium brand that puts performance…
Crypto actors see the ban proposal, spearheaded by the Central Bank of Brazil, as excessive…
Bitcoin’s relatively dull price movements as of late continued in the past 24 hours, but…
Y Combinator-backed startup Firecrawl is back on the hunt for AI agent employees. As we…
Stablecoins, like Tether USD Coin, continued their strong growth this week, with their market capitalization…