TAO coin continues to show remarkable strength, consolidating just below the $400 mark. While other altcoins have struggled to maintain momentum, TAO crypto is quietly establishing a robust technical foundation. It could set the stage for a powerful impulse move, possibly toward the $700 to $800 zone.
The daily chart from analyst Michaël van de Poppe paints a clear picture of bullish resilience. After bottoming out in early April around the $270 level, the TAO price embarked on a strong uptrend. The recovery was supported by a good volume, indicating meaningful accumulation rather than speculative froth.
As the price approached the $470 resistance, momentum briefly stalled. But critically, Bittensor (TAO) did not break down. Instead, it formed a healthy pullback, establishing a new higher low around $400.
Bittensor Trapped Among Bulls and Bears
This area below $400 is now a battleground between bulls and bears. According to the technical structure, this zone is acting as the base of consolidation before a potential breakout. The marked resistance between $460 and $472 is clearly defined by prior price action.
This is where multiple rejection wicks were recorded during the previous distribution phase. The chart indicates that a clean break above this range could trigger an impulse leg higher. It would flip the structure bullish and target the next logical resistance near $700, and potentially as high as $800 based on Fibonacci extension levels.
The recent dip, though brief, was a textbook retest of support. The Bittensor coin price dropped to around $360–$390, and it was met with immediate demand. Traders looking for optimal long setups have been eyeing this zone as a high-probability entry point, and TAO’s price behavior confirmed their thesis. With the RSI showing moderate strength and not yet in overbought territory, there’s still room for further upside.
From a structural perspective, Bittensor (TAO) is now pushing up against its final resistance before entering price discovery territory. The formation of a rounded bottom followed by a bullish continuation pattern suggests that market participants are steadily accumulating. What makes this setup particularly attractive is that TAO remains one of the few altcoins in a clear uptrend while much of the market is still correcting or ranging.
Overall Trend Remains Bullish for TAO
Even if Bittensor (TAO) were to dip below $400 again in the short term, the overall trend remains intact. Such a move will likely represent a final shakeout before a larger upside breakout. This presents a rare opportunity for latecomers to accumulate at favorable prices before the next leg of the upward trend begins.
In conclusion, TAO coin is flashing all the signs of strength. With a solid base forming just below resistance, an uptrend firmly in place, and strong reaction from demand zones, the probability of a breakout toward $700-$800 is increasing. Traders and investors would do well to keep a close eye on this chart. Because once $420 is broken, Bittensor price could enter a new phase of explosive growth.
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