• TAO price rebounds from $340, with higher lows signaling strong accumulation and momentum building toward the $500 resistance zone.

  • Bittensor forms a rounded base pattern as bullish indicators point to a potential breakout beyond $437 and a run toward $1,000.

  • Holding above $335 keeps TAO’s bullish structure intact, with $277.6 as the key downside risk if support zones fail to hold.

Bittensor (TAO) has regained momentum after rebounding from a major support zone, with traders watching if the token can push through resistance toward $500 and beyond.

Price Recovery From Fair Value Gap Support

Bittensor (TAO) is showing renewed strength after a sharp retracement from its mid-July highs. Data from Binance and MEXC charts reveals that the token bounced strongly between $301.5 and $340, a zone overlapping the Fair Value Gap (FVG) and key structural support.

https://twitter.com/CryptoPatel/status/1953754055182102844

 This area previously held during the May 28 retracement call by market analyst Crypto Patel, who projected $284 as a potential 0.5 Fibonacci retracement level.

The latest 3-day candlestick chart shows TAO trading at $377.9 after opening at $371.1 and touching $378.0. The price has formed higher lows since revisiting the FVG, suggesting continued accumulation between $301.5 and $335. Volume during the bounce increased, reinforcing the bullish case.

Resistance Levels in Focus

Major resistance lies between $437.9 and $466.3, aligning with multiple historical rejections. This zone halted the post-breakout rally from late 2024’s descending trendline. A rounded base pattern starting near $277.6 points to a potential retest of these levels. 

A breakout above $466 could open the way to $500 and possibly $1,000, consistent with Patel’s earlier targets of $500, $1,000, $2,000, and $3,000 for this cycle.

https://twitter.com/Degen_Hardy/status/1953589358461956537

Market participant Hardy highlighted $429 as an initial target, citing untapped daily resistance and the Point of Control for the range. Price structure supports this view, with bullish momentum intact as long as the token holds above $326.60 weekly support.

Indicators Signal Ongoing Strength

On the 4-hour chart shared by Crypto Rank, the MACD shows a bullish crossover at 5.8 above the signal line at 2.4. RSI stands at 64.16, signaling momentum without overbought conditions. The recent spike began after a higher low formation in early August, this broke the short-term downtrend from late July.

Source: CryptoRank

The risk of going downside again remains if price slips below $437.9 resistance,however , holding above the $335–$340 range keeps the bullish structure intact. A failure to maintain this could trigger a drop toward $277.6, marking a 29% decline from current levels.