Bittensor (TAO) is getting noticed again after spending several weeks trading sideways. TAO price is up over 8% over the past day and is now sitting around $354.80. Trading volume has jumped by 81%, which suggests more traders are stepping in.
The move comes after two key exchange-related updates. On July 9, Binance removed TAO from its Seed Tag list, which is usually used for newer or high-risk tokens. That shift makes TAO look more mature and stable to investors.
Just the day before, on July 8, Coinbase had activated trading in TAO to New York users, extending its reach to a wider audience. All those developments seem to have bolstered market trust and fueled recent price action.
Bittensor Price Approaches Major Resistance on the Daily Chart
The daily chart shows TAO price still moving within a long-term descending trendline. That line, drawn from the January high near $580, has kept every rally in check for the past six months.
The recent move from the mid-$320 range to $354 brought the price close to the resistance zone at $365–$370. A daily close above that level could shift the trend outlook from bearish to neutral or even bullish.
Support on the daily chart remains visible in the $225–$250 range. This area absorbed large sell-offs in both April and June and has consistently produced sharp rebounds. Bulls may view this zone as a key invalidation level for the current recovery.
Image Source: TradingView.com Bullish Momentum Confirmed on the TAO Chart
Shorter timeframes show stronger bullish confirmation. TAO price printed a higher low between $300 and $310 before surging past the previous swing low at $336, triggering a break-of-structure (BOS). This reclaimed level now acts as local support near $330–$335.
The 4H RSI is now near 73, its highest in weeks, suggesting strong momentum but also the potential for short-term cooling. A period of consolidation under the descending trendline may allow the market to reset before any breakout attempt.
Image Source: TradingView.com
Moreover, Bittensor price is now testing a multi-month trendline just above current price levels.
Should it break, the next target is around $410–$425, an area last seen in May.
Lagging current losses might cause it to retreat back to $335, and yet another loss might make a visit to the $300–$310 support level.Traders will continue watching whether TAO can hold above its previous structure and push into new short-term highs.
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The post Bittensor Price “Wakes Up” After Weeks of Chop – Here’s What the TAO Chart Is Signaling Now appeared first on CaptainAltcoin.
