I have been observing and i suggest it will still be up

TAO on a brink of a reversal!

Bittensor (TAO) is indeed on the brink of a reversal, supported by multiple technical signals:

- TAO recently surged about 13%, reclaiming a key support level around $218 and pushing its market cap above $2.2 billion, which is a strong bullish sign.

- The token has formed a double-bottom pattern on the weekly chart, a classic reversal signal, with a potential breakout above the neckline targeting $1,330 in the medium term.

- TAO is also breaking out of a multi-month falling wedge setup, another bullish reversal pattern, with R$SI climbing above 55 and MACD showing a bullish crossover, indicating growing upward momentum.

- The price has reclaimed the 20-day EMA around $237, and a sustained hold above this level would confirm the breakout and support further gains toward resistance levels near $280-$300 and beyond.

- Despite some previous bearish pressure and volatility, recent volume increases and positive social sentiment suggests sellers are losing control and bulls are gaining strength.

- However, caution is advised as failure to hold key levels like $237 could lead to a fallback toward $180-$200 support zones.

In summary, TAO is poised for a bullish reversal if it holds above key support and breaks resistance around $280-$300, with technical patterns and momentum indicators strongly favoring an upward trend continuation.

#TAO
$TAO