Bittensor (TAO) Coils Inside Range, Traders Target $740 Upside
The post Bittensor (TAO) Coils Inside Range, Traders Target $740 Upside appeared on BitcoinEthereumNews.com. TLDR: Bittensor trades within a long-term range between $190 support and $740 resistance. Price recently reclaimed the $421 Fibonacci level, hinting at a bullish shift. Resistance at $520 could trigger the next move toward the $740 breakout target. TAO forms a macro double-bottom, signaling potential end to accumulation phase. Bittensor’s price is holding steady after weeks of decline, showing signs of strength inside a long-running sideways range. While momentum has cooled, recent technical setups suggest traders are now watching for a potential rally. The crypto asset remains range-bound, but key support levels are coming back into focus. Price is currently hovering near the mid-point of its multi-month structure, with eyes on higher resistance. Analysts say this setup could hint at a breakout toward the $740 range high. Bittensor Trades Mid-Range After Months of Consolidation Since early 2023, TAO has moved within a broad horizontal channel, with support near $190 and resistance around $740. The token has revisited both extremes, but neither side has confirmed a clear breakout. Right now, the price is sitting close to $407, per CoinGecko, following a 4.9% 24-hour pullback. Bittensor price on CoinGecko Despite the dip, crypto analyst Ali noted that TAO has reclaimed a critical Fibonacci retracement level at $421. That recovery, according to his 3-day chart breakdown, may be the early sign of a return to bullish structure. Traders are now watching for sustained movement above $420 to set the stage for a larger push. Ali’s chart places the next resistance cluster between $520 and $740. The $520 level aligns with the 0.786 Fib retracement and serves as the first real barrier ahead of the range top. Above $740, the structure shifts. Fibonacci extension targets sit at $1,115, $1,867, and $3,298. Bittensor $TAO has been range-bound between $190 and $740 since 2023. Now trading…
The post Bittensor (TAO) Coils Inside Range, Traders Target $740 Upside appeared on BitcoinEthereumNews.com.
TLDR: Bittensor trades within a long-term range between $190 support and $740 resistance. Price recently reclaimed the $421 Fibonacci level, hinting at a bullish shift. Resistance at $520 could trigger the next move toward the $740 breakout target. TAO forms a macro double-bottom, signaling potential end to accumulation phase. Bittensor’s price is holding steady after weeks of decline, showing signs of strength inside a long-running sideways range. While momentum has cooled, recent technical setups suggest traders are now watching for a potential rally. The crypto asset remains range-bound, but key support levels are coming back into focus. Price is currently hovering near the mid-point of its multi-month structure, with eyes on higher resistance. Analysts say this setup could hint at a breakout toward the $740 range high. Bittensor Trades Mid-Range After Months of Consolidation Since early 2023, TAO has moved within a broad horizontal channel, with support near $190 and resistance around $740. The token has revisited both extremes, but neither side has confirmed a clear breakout. Right now, the price is sitting close to $407, per CoinGecko, following a 4.9% 24-hour pullback. Bittensor price on CoinGecko Despite the dip, crypto analyst Ali noted that TAO has reclaimed a critical Fibonacci retracement level at $421. That recovery, according to his 3-day chart breakdown, may be the early sign of a return to bullish structure. Traders are now watching for sustained movement above $420 to set the stage for a larger push. Ali’s chart places the next resistance cluster between $520 and $740. The $520 level aligns with the 0.786 Fib retracement and serves as the first real barrier ahead of the range top. Above $740, the structure shifts. Fibonacci extension targets sit at $1,115, $1,867, and $3,298. Bittensor $TAO has been range-bound between $190 and $740 since 2023. Now trading…
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