- TAO holds a steady uptrend despite short-term price consolidation.
- Weekly gains highlight sustained bullish interest among investors.
- A key demand zone will decide the next major price direction.
- Momentum indicators show caution despite long-term upside potential.
Bittensor (TAO) remains on a positive price trajectory, showing resilience despite short-term consolidation. Over the past 24 hours, TAO has traded almost flat, reflecting market stability. More notably, the token posted a 4.82% gain over the last week.
At the time of writing, TAO is trading at $293.57, supported by a market capitalization of $3.08 billion. The asset recorded a 24-hour trading volume of $66.23 million, reportedly down 129.98% over the same period.
Also Read: Bittensor (TAO) forms a triangle pattern, indicating a potential breakout to $700
Higher-Timeframe Reset Defines the Battle Zone
TAO has completed a higher-timeframe reset after a near 200% rally topped around $539. Price corrected roughly 50% from the high and now trades almost 65% below the ATH. This pullback reflects a classic reset phase, where volatility cools and structure stabilizes before the next directional move, rather than signaling trend exhaustion.
A critical make-or-break area is between $262 and $215, corresponding with a 0.618-0.786 Fibonacci retracement and established order block for the bulls. A break above $262 is supportive of accumulation, while a failure below $262 opens up the possibility of $215. A break below $228 indicates a loss of structure.
If the bullish order block is confirmed, the targets for growth remain on track. The initial levels for recovery are around $543, then $725 for Target 1. A breakout allows the targets of Target 2 at $1,200 and Target 3 at $2,000 to be achieved. While alt-season trends are still supportive of such targets, key levels must still be respected.
Momentum Indicators Urge Caution
The weekly RSI is approximately 44, which is below the significant 50 mark, indicating poor momentum. It is not in the oversold area, so it does not provide any indication of a strong purchase signal yet. Furthermore, it is below its moving average, indicating that the purchasing sentiment is weak.
The MACD is still below the zero line, indicating that the larger trend is still bearish. The MACD is below the signal line, with the histogram resuming its negative state. This confirms that the current upward movement of the price is losing strength, with sellers taking progressively more control.
Also Read: Bittensor Breakout Watch: TAO Price Targets $688 to $1,500
