Bittensor's native token TAO is displaying early signs of a bullish rebound, with technical analysis pointing to potential upward momentum toward the $400 range as it consolidates near critical support levels ahead of its upcoming halving event.
TAO/USDT is currently retesting a major descending trendline that has acted as dynamic resistance, with the formation of higher lows indicating growing market confidence. A breakout above the $305 level could propel the price toward $388 to $408 USDT, supported by a liquidity cluster valued at approximately $1.3 million near $400.
On the weekly chart, TAO has repeatedly found strong support in the $260 to $310 zone, which has historically triggered impulsive upward reversals. The stochastic RSI indicator has bounced from oversold regions, signaling renewed buying pressure and potential continuation of the bullish trend.
Market capitalization trends show a drop from $3.2 billion to $2.5 billion between November 19 and 25, followed by a partial recovery to $2.8 billion, reflecting short-term volatility and sustained buyer interest.
As the halving approaches, market activity has cooled, with liquidation data indicating reduced leverage exposure and controlled corrective behavior. Traders are observing a stabilization near the support block, with potential for a move toward $360 and a retest of major resistance around $470 if stability is confirmed post-halving.
ZKP
XLM
LTC
ZEC
XRP
SHIB