Bittensor (TAO) Pulls Back to Test Crucial Breakout Level – Is a Recovery Ahead?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Market Overview: The cryptocurrency market is experiencing a significant downturn, with Bitcoin and Ethereum both facing weekly losses, and Ethereum dropping over 12% to around $4,000. Altcoins, including Bittensor (TAO), are also under pressure, with TAO losing nearly 16% in the past week.
Bittensor (TAO) Analysis: TAO is currently retesting a critical breakout zone after previously forming a falling wedge pattern, which is typically a bullish signal. If it holds above the support level of $301, it could regain momentum towards the 200-day moving average at $356.9, with potential upside to $472; however, failing to maintain above $287 could indicate a false breakout and shift sentiment to bearish.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.








