Bittensor (TAO) shifted from panic selling to strong accumulation in a key support zone, triggering a sharp rebound. The TAO price now holds above major moving averages with neutral momentum indicators, suggesting consolidation. Derivatives’ positioning reflects a reset from bearish pressure to renewed bullish interest after the recovery. According to CoinMarketCap, TAO is trading at $300.05 with a daily gain of 1.56%.
Source: CoinMarketCap
Also Read: Bittensor Price Prediction: Can TAO Break $500 After Bullish Breakout?
TAO Price Accumulation Could Spark $3,000 Rally
Furthermore, the crypto analyst Crypto Patel pointed out that the TAO price faced heavy panic selling as traders rushed to exit positions amid fears of a breakdown and potential rug-pull narrative spreading across the market.
While sentiment turned sharply bearish, one trader identified the $200–$250 range as a key accumulation zone for the TAO price, viewing the move as a structural opportunity rather than a market collapse or trend failure.
That conviction proved effective as the price rebounded strongly from key levels. The initial entry is now up about +133%, with a second re-entry around $230 delivering roughly +45% gains.
The order block held firmly, validating the Smart Money Concepts approach, where liquidity zones and structure outweigh emotional trading decisions and short-term panic selling behavior.
Source: Crypto Patel’s X Post
Looking into the future, the TAO price sets out its strategy on the long-term path in terms of milestones, such as $725, $1,200, $2,000, and maybe even as high as $3,000.
Despite the optimistic outlook, traders must approach the situation responsibly, taking profits wherever necessary and keeping themselves within their position limits. Volatility in crypto continues to be high.
QNT Shows Bullish Potential Above Key Moving Averages
According to TradingView, the TAO price drifts from its initial swing moves to form a more positive drift move. The price is trading at $299.46 while maintaining a strong posture above the important exponential moving averages.
Given that the 20-day and 50-day EMAs align in a bullish pattern, the move can continue upwards as long as the TAO price price maintains above the $293 support level.
Source: TradingView
The relative strength index (RSI) comes in at 54.66, which shows a balanced attitude towards the asset, with lots of room left to grow.
This means that the token is not overbought yet, and therefore, the current consolidation period should be seen as a temporary rest rather than a reversal. Above the $320 price level, the bullish trend is expected to resume its course.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: TAO Price Could Sustains a Rally Above $320 Despite Falling Open Interest
