Bittensor (TAO) Price Enters ‘Make or Break’ Zone – Can It Repeat April’s Explosive Run?
TAO is back in the spotlight after that massive rally in April, where it surged from around $130 to over $420. It’s now at a crucial spot on the chart. The momentum has cooled off since the breakout, and the Bittensor price has been moving sideways, with a bit of a downward lean. But things might be about to change again.
Market analyst Crypto Eagles points to an interesting setup. According to the post, TAO is now sitting near the bottom of what’s being called an “invalidation zone,” roughly around the $350 mark. If the price holds above this level, there’s a shot at another bullish run, potentially aiming for that $500–$550 range.
After the April breakout, TAO price didn’t crash, but it also didn’t push higher. Instead, it started consolidating, testing support levels and creating a range where buyers and sellers are battling it out. The key now is whether demand can step in again like it did before. If it does, TAO could be gearing up for another breakout move. If not, a drop below $350 might signal that the bulls are losing control.
Bittensor Current Support Holding at Key Level
Chart data shows TAO price has approached the bottom of the invalidation zone while maintaining support around $375. This aligns with the level identified by Crypto Eagles, who noted that early signs of renewed demand have begun to appear. The recent price bounce near this support level is being interpreted by some traders as a potential setup for a new leg higher.
The analysis shared by Crypto Eagles outlines a bullish expansion target zone between $500 and $550. The condition for this outcome is that price remains above the current support. If TAO stays within the projected range, technical indicators favor a move toward higher resistance.
Market Watchers Eye Potential Breakout For Bittensor Price
The market now awaits confirmation of either continuation or breakdown. Volume trends, candle formations, and price behavior near the $350–$375 range remain the most-watched indicators. The tweet from Crypto Eagles supports the view that, as long as the current structure holds, the probability leans toward a bullish resolution.
Bittensor price continues to be monitored by traders assessing its ability to replicate the sharp gains it achieved earlier in the year. The coming days may determine whether the asset is set for another upward push or a deeper retracement.
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