Bittensor Sits on a Critical Demand Zone as Buyers Prep for a Potential Reversal — Here Is Why TAO’s Next Move Could Be Explosive

3 weeks ago 31
  • TAO trades near $296, sitting just above a key year-long demand zone between $240–$280.
  • Major resistance remains at $450–$475; reclaiming $360 would be the first bullish trigger.
  • Analysts say a breakout above $540 could launch TAO toward $700, with extreme targets up to $3,000.

Bittensor (TAO) slid into the weekend sitting right above a price region that has repeatedly acted as a turning point for the market. The token is hovering around $296, just a short step above a major higher-timeframe demand zone between $240 and $280 — an area that previously triggered one of TAO’s strongest impulse moves earlier this year.

This zone has historically pulled in heavy accumulation from long-term holders and larger buyers, making it one of the most important structural levels on the chart.

Analyst Michaël van de Poppe noted that the overall structure here is surprisingly simple. TAO has retraced directly into the same demand zone that has held for nearly a full year. He also pointed out that halving-related pressure is temporarily shaking things up, which helps explain the recent negative swings across the TAO chart.

According to van de Poppe, once the halving volatility fades, the market may return to a buy-the-dip environment — ifthis higher-timeframe support continues to hold its ground.

Supply zone at $450–$475 remains the big wall overhead

Even though buyers are trying to defend the green demand zone, TAO faces a thick supply barrier sitting between $450 and $475. This region has rejected the price multiple times, acting as a ceiling that the market hasn’t been able to break through.

The top of that zone — around $472 — aligns almost perfectly with a former major support area that flipped into resistance after TAO’s sharp reversal at the end of November.

Since that rejection, the chart has continued forming lower highs and lower lows, with a downward-sloping moving average confirming short-term bearish pressure. Candles have also been shrinking while their wicks get longer — a common sign that sellers are losing strength but buyers aren’t fully stepping in yet.

If bulls can reclaim the mid-level around $360, TAO could make another run toward that supply zone. And a clean breakout above $475 would be a major shift in momentum, likely triggering a much larger move since that level sits right at the heart of the previous breakdown structure.

Breakout targets point toward $700 — with extreme upside beyond that

Crypto analyst Crypto Patel called the current structure “the most critical breakout zone of the year.” He highlighted a second, untouched demand area beneath the current one — between $235 and $185 — and noted rising liquidity pockets below $540, which could fuel future upside.

According to Patel, once Bittensor breaks above $540, the chart opens a clear runway toward $700. And if the breakout happens with strength, TAO could begin exploring entirely new price ranges — anywhere from $1,000 to $3,000 — depending on how fast momentum builds during that expansion phase.

A move of that scale obviously isn’t guaranteed, but structurally, TAO is sitting at the kind of long-term demand level where the biggest rallies tend to begin.

The post Bittensor Sits on a Critical Demand Zone as Buyers Prep for a Potential Reversal — Here Is Why TAO’s Next Move Could Be Explosive first appeared on BlockNews.

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