TAO Has Recently Shown Signs of Breaking Free From Its Extended Bearish Market Structure

TAO has recently shown signs of breaking free from its extended bearish market structure with a decisive impulse move. While this shift is promising, if a higher low is established

Bittensor (TAO) has recently shown signs of breaking free from its extended bearish market structure with a decisive impulse move. While this shift is promising, the potential for a higher low at a key confluence zone could be setting up TAO for a potential 200% rally toward the previous range high.

Over the past several weeks, Bittensor (TAO) has been steadily decreasing in price, consistently printing lower highs and lower lows with the same technical pattern. However, that structure may now be changing. The recent impulsive move broke above a significant lower high, marking the first real break in TAO’s bearish structure. Now, price is hovering around a high-probability zone for continuation—provided buyers can confirm a valid higher low.

From a technical perspective, this current zone of interaction is highly significant. The confluence of key indicators, specifically the point of control, 0.618 Fibonacci level, and anchored VWAP, creates a strong area of interest. If buyers defend this level and TAO forms a higher low, the setup for a Wave 3 bullish impulse becomes far more likely. This would target the previous range high, equating to a projected 200% rally from the current zone.

Zooming out to the macro structure, TAO remains inside a large sideways range. The recent bounce from the range low shows clear signs of buyer activity, indicating demand at lower levels.

Should TAO begin consolidating above this confluence zone, form a bullish market structure, and show strong volume profile support, the odds of a full range rotation increase sharply.