TAO, the native token of Bittensor, is once again knocking on the door of a major technical level: $500. This resistance zone has historically pushed back bullish attempts, making it both a psychological and technical barrier.
Can TAO Break Through? 💥
Momentum and volume are building 📈—a sign that bulls are stepping in. If TAO can break and hold above $500, it could trigger a strong rally toward the next major target: $800.
Why $800? 🎯
The $800 level isn’t just a nice round number—it aligns with past resistance zones and technical projections. A clean breakout above $500 would show shifting sentiment and growing buyer confidence.
Key Levels to Watch: 👀
Immediate Resistance: $500 ⚠️
Support After Breakout: $500 (flipped support) ✅
Next Major Target: $800+ 🚀
What to Watch For ⚠️
While a breakout seems possible, confirmation is key. Traders should look for strong volume and sustained movement. A false breakout could trap buyers and lead to a sharp pullback.
Bottom Line:
TAO is at a critical crossroads. A confirmed breakout above $500 could send it flying toward $800+. Keep your eyes on the charts and trade smart!
