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Bittensor’s TAO Breaks a Falling Wedge as Analysts Watch a “Possible 30% Wave”.
Bittensor’s TAO token records a confirmed breakout from a falling wedge pattern on the one-hour chart, and traders are watching for a possible 30% upward wave. The move appears after an extended period of downward pressure, and market data shows stronger activity near the breakout point. The breakout forms the first clear shift after weeks of lower highs.
Falling Wedge Breakout and Price Structure
TAO is trading inside a downward channel with steady lower highs and lower lows. The falling wedge pattern forms as both trendlines converge while price moves through compressed swings across the one-hour timeframe. According to an observation by Captain Faibik, the breakout occurs near the $360 zone as price closes above the upper boundary.
Post-breakout candles show stronger upward movement compared with earlier sessions. The displayed projection measures a possible rise toward the $460 region, which reflects the height of the wedge applied to the breakout level. Liquidity increases near the breakout, and price holds above the trendline for several consecutive candles.
Market data from CoinMarketCap shows TAO trading near $333.98 with a market cap of $3.44 billion. The chart also records a long monthly decline as price moves from the $398 area toward recent lows near $333. Trading activity remains steady while buyers attempt to regain short-term control.
Market Activity, Halving Countdown and Derivatives Data
The upcoming Bittensor halving event is set to occur in 25 days from November 15, 2025, according to an update from AltcoinDaily. The halving will reduce block rewards and slow new token supply, and traders are watching its possible effect on market behavior.
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