TAO holds firm at $336 support despite Bitcoin’s recent drop.
Consolidation under $373 hints at bullish momentum building.
Liquidity zones suggest a breakout to $480 if demand increases.
Bittensor (TAO) bulls have shown real grit. While many altcoins trembled after Bitcoin’s sharp 4.5% drop, TAO held steady. The price bounced between $336 and $373, refusing to buckle under pressure. This stability reflects strong belief among buyers, especially after holding key support. With momentum leaning bullish and volume pointing upward, something’s brewing beneath the surface. TAO may be gathering strength for a breakout, and the signs are too strong to ignore.
https://twitter.com/CryptoAmb/status/1920012019220029540 TAO Bulls Dig in Deep at Key Levels
Over the past ten days, buyers defended the $336 support zone like a fortress under siege. This defense formed a short-term range that might act as a launchpad. Price action respected this boundary and continued consolidating near $357. The Fixed Range Volume Profile placed the Point of Control (PoC) around $357. Traders continued to defend this level. TAO's price danced back to it again and again, like a compass drawn to magnetic north. Volume added fuel to bullish hopes. On-Balance Volume (OBV) on the daily chart ticked higher during consolidation.
The 20 and 50-period moving averages crossed in favor of buyers, further signaling a momentum shift. TAO burst past $270 recently and flipped the swing structure bullish. Then came the rally to $373, aligning with the 61.8% Fibonacci retracement level. That zone now acts as resistance—and perhaps the bulls’ next destination. Daily structure looks strong, but shorter timeframes tell a different story.
Liquidity Maps Light the Way Forward
The 4-hour chart revealed a slower rhythm. Price and OBV formed a sideways range, signaling low short-term demand. Moving averages tangled together, mirroring the current indecision. Still, the $336 to $373 range remained intact, and the PoC at $357 kept offering support. TAO's liquidation heatmap showed something interesting. .A thick liquidity band formed between $380 and $390.
That’s a tempting target for traders. Price could sweep that pocket before a rejection or breakout. If Bitcoin manages to stay above $95.7k, the door to higher targets opens. TAO could push toward the Value Area High at $480, possibly even testing the $500 region. But first, a rally through $373 must take place. Watch price action closely.
Volume holds the key, and demand must rise for the breakout to succeed. TAO defended support at $336 and found strength around $357. Volume and structure hinted at bullish continuation despite the current range. A break above $373 could trigger a rally to $380–$390, or even $480 with Bitcoin’s help.
