Bittensor

Bittensor [TAO] has surged more than 10% in the past 24 hours, once again approaching the critical $345 resistance level. The market now faces a crucial question:

Can TAO break free from its tightening wedge and ignite a new rally, or will it enter another round of consolidation?

Whales Return — Signs of Accumulation Emerge
According to CryptoQuant data, large holders of TAO have recently increased the average size of their futures orders, a move that typically signals accumulation and growing confidence in the token’s medium-term performance.
Historically, such whale clustering often precedes strong breakout phases. The recent accumulation pattern suggests that the market could be gearing up for another bullish wave — provided TAO can hold above $345.

Meanwhile, volume bubble maps show that short-term traders have taken some profits, leading to cooling activity across both futures and spot markets.

Despite the slowdown, the Cumulative Volume Delta (CVD) remains positive, indicating that buyers still dominate and long-term participants are maintaining their positions.

TAO Stands at a Technical Crossroad
On the daily chart, Bittensor is hovering just below the upper boundary of a descending wedge that has shaped its trend for months.

The $345 level now serves as the decisive line — a daily close above it could signal the start of a medium-term bullish breakout.
Failure to hold above this level, however, might trigger profit-taking down toward the $325 support zone, extending the sideways consolidation that’s persisted since April.

Analysts also note that stochastic RSI readings indicate overbought conditions, suggesting that bullish momentum may temporarily weaken. A minor correction toward the demand zone near $325 could occur before any sustainable recovery.

Breakout or Rejection — What’s Next for TAO?
The next move depends entirely on how TAO reacts to its $345 wedge resistance.

🔹 A confirmed breakout could spark renewed buying interest and open the door for a move toward $370 and beyond.

🔹 A rejection at this level, however, could send the token back into the $320–$325 range, prolonging its consolidation phase.
Still, the broader outlook remains optimistic — sustained whale accumulation and strong open interest in futures markets point to continued long-term confidence in Bittensor’s growth potential.
“The market is at a tipping point — whales are adding positions while short-term volume cools.

$345 is the key. A decisive breakout could launch TAO into the next bullish chapter,” said one on-chain analyst tracking whale activity.

#bittensor , #TAO , #CryptoMarket , #whales , #cryptotrading

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artificial intelligence and blockchain are two of the most transformative technologies of our time — and Bittensor (#TAO) is where they truly meet.

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