BitTensor ($TAO) Market Update – April 28, 2025
Current Price: ~$385
Trend: Bullish (short-term), testing key levels
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Key Technical Zones:
Support Zone: $325 – $365
Resistance Zone: $400 (short-term), $470 – $500 (mid-term), $600 – $650 (long-term)
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Entry Zones:
Aggressive Entry: $365 – $375 (retest of breakout zone, fib support)
Safer Entry: $340 – $350 (bounce from major historical level)
Lowest Defensive Entry: $325 (must hold to prevent reversal to $250)
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Targets:
1. TP1: $400 (Immediate resistance)
2. TP2: $470 – $500 (Bullish extension range)
3. TP3: $600 – $650 (longer-term breakout target)
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Stop-Loss Levels:
Conservative SL: Below $325 (major structure invalidation)
Tighter SL: Below $340 (fib & volume-based support)
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Market Commentary:
Price recently broke above $370, flipping the 0.618 Fibonacci level into support.
Consolidation above $365–$370 is a bullish signal.
If price holds above $340–$365, we expect continuation toward $400 and possibly $470.
Failure to hold $325 could lead to a drop toward $250, so risk management is essential.
