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Cryptocurrency News Articles

Market Eyes Bittensor (TAO) as It Breaks a Key Trendline – What Comes Next for the Price?

May 16, 2025 at 10:30 pm

Bittensor is back on traders' radar after breaking out of a long-term downtrend. The token, which spent most of 2024 in a slump, is showing strong momentum in 2025.

Market Eyes Bittensor (TAO) as It Breaks a Key Trendline – What Comes Next for the Price?

Bittensor (TAO) has been a hot topic in crypto circles after breaking out of a long-term trendline. The token, which spent most of 2024 in a slump, is showing surprising resilience and strength in 2025.

At the time of writing, TAO is trading at $440.71. It’s still in the process of recovering from its earlier range-bound movement between $180 and $260.

Crypto expert ‘Posty’ shared an update on X, saying the market is too strong for a deep crab and that $375 would be a “gift” of an entry point if it ever happens.

One of the key shifts in the TAO chart happened in early March. That’s when the token finally broke through a descending trendline that had been capping the price since its all-time high.

This breakout came after several weeks of sideways movement in the $180–$260 zone, which formed the foundation for the current rally.

Since then, Bittensor price has been steadily climbing, encountering and breaking through resistance levels. It’s also forming a clear pattern of higher lows and higher highs—a classic sign of a bullish trend.

The breakout was also accompanied by increasing volume and stronger daily candles, indicating that buyers are entering with more conviction.

Bittensor Key Support And Resistance Levels

The chart of TAO highlights several price regions where the token has shown strong reactions.

A previous resistance level encountered twice between $520 and $560 has now flipped into support. This zone acts as the nearest level from which buyers might rejoin the trade.

Another price band, presenting itself between $370 and $400, served as support during the earlier accumulation phase. This is the level Posty is referring to in his tweet, suggesting it would be an attractive reentry point should TAO price pull back.

On the other hand, overhead resistance is identified in the $750–$790 range. TAO touched this level earlier in the year and shows the potential to revisit it based on the current structure.

If price manages to break through this range with volume, it may enter a "discovery phase" due to the lack of historical resistance above.

Bittensor Current Market Sentiment

The snippet from Posty’s tweet highlights the sentiment traders have toward TAO’s strength. They seem less concerned with short-term pullbacks and more interested in whether the momentum can carry the token to new highs.

The statement also suggests there’s limited downside to be seen unless there’s broader weakness across the market.

Volume indicators support this sentiment. Following the breakout, TAO has seen a steady increase in trading activity.

Sustained participation from buyers suggests the move is backed by conviction rather than short-lived speculation, which could be spotted by rapid spikes and equally swift retractions in price.

Outlook And Bittensor Price Structure

As long as TAO remains above the $370–$400 range, the uptrend still appears to be intact. This zone acted as strong support in previous moves and could provide a point of defense if the price were to encounter a steeper-than-expected dip.

A push back toward the $560 level would mark a return to a key resistance area that capped gains earlier in the rally.

TAO’s ongoing price action, combined with strong volume and bullish technical indicators, keeps the asset in the focus of traders and analysts.

The breakout above the descending trendline has shifted momentum in favor of buyers, at least for now. But sustained buying pressure will be crucial to determine if TAO can continue adding new highs to the chart.

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