Here’s Where Bittensor (TAO) Price Could Go Next After the Post-Halving Reset

CaptainAltcoin
TAO1,99%

TAO is back on trader radars after Michaël van de Poppe pointed out that the token is starting to look interesting again. The big picture is fairly straightforward.

The halving is already behind us, the TAO price went through a rough correction afterward, and now the chart is showing early signs of stabilization. The main level to watch is the $250–$260 zone, which is acting as the line between recovery and another leg lower.

Looking at the daily chart, it appears to be a more relaxed scenario compared to a few weeks ago. The heavy selling pressure is not as visible as it used to be, and prices appear to be trending in a more organized manner.

  • TAO Finally Finds Support After the Selloff
  • Why This Reclaim Matters
  • What Comes Next on the TAO Chart

TAO Finally Finds Support After the Selloff

The TAO price pullback from the highs was not a small one. After topping out near the $470–$500 area, the price rolled over and spent weeks trending lower.

Early attempts to bounce did not hold, and sellers stayed in control until TAO reached a higher timeframe support zone.

Source: X/@CryptoMitchNL

That zone, highlighted by Michaël in green on the chart, is where things began to change. The TAO price stopped making lower lows and started holding its ground.

You can also see heavier volume during the drop, which often points to forced selling. Once that pressure eased, TAO was able to stabilize and start building a base.

ChatGPT Predicts Bittensor (TAO) Price at the End of January_**

Why This Reclaim Matters

One of the more important developments is TAO moving back above the 21-day moving average. This level often acts as a simple trend filter.

When price stays below it, rallies tend to fade. When price gets back above it and holds, the market usually shifts into a slow grind higher rather than continued downside.

TAO is also working to hold above the old support level around $262. This is the area that needs to act as a floor now. If pullbacks continue to get bought in this zone, it supports the idea that the market is trying to flip previous resistance back into support.

What Comes Next on the TAO Chart

Momentum is starting to improve, which shows up in the RSI pushing higher from oversold conditions. That lines up well with price reclaiming key levels and forming higher lows.

As long as the TAO price holds the $250–$260 range, the path opens toward the $300–$325 area first, with much heavier resistance sitting closer to $470.

If momentum continues to build, a move back toward $500 over the coming months stays on the table. If support fails, though, the recovery story gets put on pause.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Peter Brandt: Bitcoin does not form a "cup and handle" pattern to reach $500,000

Peter Brandt, a legendary market analyst, criticizes the popular belief that Bitcoin could reach $500,000, asserting its current chart does not follow the "cup and handle" pattern. He warns that expectations based on this model lack foundation and urges better understanding of technical analysis.

TapChiBitcoin6m ago

Why did Bitcoin rise today? Oil prices plummeted 28%, ETF funds return to Bitcoin

Bitcoin has recently risen to approximately $70,000, driven by three main factors: Trump's announcement that the Iran conflict has ended, leading to a sharp drop in oil prices; the return of funds to spot Bitcoin ETFs; and MicroStrategy's large-scale Bitcoin purchases. The decline in oil prices has improved market sentiment, shifting towards risk assets, benefiting Bitcoin. On the technical side, Bitcoin faces resistance around $71,000; if it can break through, it may further rise.

MarketWhisper8m ago

Today, the cryptocurrency Fear and Greed Index rose to 15, and the market remains in a state of extreme fear.

Gate News Report, March 11 — According to Alternative.me data, the cryptocurrency Fear & Greed Index today is 15, up 2 points from yesterday's 13. The market remains in a state of "Extreme Fear."

GateNews54m ago

Elon Musk Announces X Money Launch in April, DOGE Gains 4.2% - BTC Hunts

Elon Musk announced X Money's early public access in April, enabling peer-to-peer transactions and bill payments, with potential integration of Dogecoin. Following the announcement, DOGE rose by 4.2%, amid market fluctuations and short squeezes.

BTCHUNTS1h ago

Altseason 3.0 Setup? OTHERS/BTC Retests Historic Launchpad as 4 Altcoins Prepare for Potential 5× Expansion

OTHERS/BTC retested a historic launchpad, creating a structured setup for potential 5× gains across selected altcoins. Arbitrum, Aptos, Pepe, and Bonk exhibit consistent support and resistance patterns with measured trading volume. Oscillators and trend lines indicate balanced momentum, s

CryptoNewsLand1h ago

Ethereum Activity at All-Time Highs Due to Mass Capitulation - U.Today

Ethereum's network shows high activity, surpassing 2021 metrics, but this surge is due to investors selling rather than genuine demand. Liquidity is declining as users withdraw capital to exchanges, signaling potential challenges ahead.

UToday4h ago
Comment
0/400
No comments