Bittensor (TAO) Explodes 55% — Is a Massive Breakout Around the Corner?
Bittensor (TAO) just flipped the script on the entire crypto market — surging 55% in 24 hours and claiming the crown as the day’s top-performing coin.
And here’s the wild part…
👉 There was no major news. No product update. No bullish announcement.
So what sparked the rally?
Let’s break it down — because the charts are telling a story, and it’s one smart traders will want to pay attention to.
📈 TAO Breaks Out of Its Wedge — And That’s a Big Deal
First off: TAO just broke out of a descending wedge, a classic reversal pattern traders love. It’s inching toward a new monthly high and testing a 134-day descending resistance trend line.
Translation?
Momentum is building, and a breakout could be brewing.
Now, while the price spike didn’t come from fresh headlines, Grayscale’s reminder of its Bittensor Trust may have jogged some investor memory — and sparked renewed attention.
But make no mistake, this isn’t just about sentiment. This is about structure.
Let’s go deeper.
🧠 Weekly Chart Breakdown: Bounce or Bull Trap?
Bittensor hit its all-time high of $777 in April 2024, but it’s been in steady decline since. After a failed rally in December, TAO slid to a low of $167 last week, dipping below the key $205 support zone.
Most traders feared a breakdown.
Instead, TAO pulled a bullish engulfing candlestick out of nowhere — reclaiming the $205 level and snapping back with a vengeance.
That bounce wasn’t just healthy — it was strategic. It reset the chart.
Still, caution flags are waving:
- RSI is below 50
- MACD is still negative
So while the weekly chart says “maybe,” the daily chart says “watch closely.”
⚡ Daily Chart Says: Relief Rally Is On
Zoom into the daily chart and you’ll see the magic.
TAO just completed a five-wave downward cycle and broke out of a descending wedge — classic signs of a relief rally in motion.
Here’s what’s interesting:
- Both RSI and MACD flashed bullish divergence before the breakout — a strong indicator that momentum was shifting under the surface.
- The breakout fits into a likely A-B-C corrective wave structure, with TAO currently riding wave A.
If this pattern plays out, we could see resistance around the $350–$385 range before another leg upward.
🧐 So… Is TAO Headed for New Highs?
Short answer: It’s possible — but not without a fight.
Here’s what we know:
- TAO reclaimed a critical support zone
- It’s showing bullish structure on the daily chart
- Momentum is shifting, even without external catalysts
But let’s not sugarcoat it:
TAO still needs to break above the long-term descending resistance to truly shift the macro trend.
If it clears that line with volume and follow-through?
We could be looking at the early stages of a major reversal.
📌 Final Takeaway
Whether you’re a trader or long-term investor, Bittensor just fired a warning shot to the market.
It’s bouncing off a long-term support zone, breaking bullish patterns, and attracting smart money attention — all with barely any news.
The next few days could be critical. A confirmed breakout might unlock serious upside, while rejection could lead to a short-term retest.
Either way, TAO is back on the radar — and it’s one chart you’ll want to keep an eye on.
