TLDR:
- Bittensor trades within a long-term range between $190 support and $740 resistance.
- Price recently reclaimed the $421 Fibonacci level, hinting at a bullish shift.
- Resistance at $520 could trigger the next move toward the $740 breakout target.
- TAO forms a macro double-bottom, signaling potential end to accumulation phase.
Bittensor’s price is holding steady after weeks of decline, showing signs of strength inside a long-running sideways range.
While momentum has cooled, recent technical setups suggest traders are now watching for a potential rally. The crypto asset remains range-bound, but key support levels are coming back into focus.
Price is currently hovering near the mid-point of its multi-month structure, with eyes on higher resistance. Analysts say this setup could hint at a breakout toward the $740 range high.
Bittensor Trades Mid-Range After Months of Consolidation
Since early 2023, TAO has moved within a broad horizontal channel, with support near $190 and resistance around $740.
The token has revisited both extremes, but neither side has confirmed a clear breakout. Right now, the price is sitting close to $407, per CoinGecko, following a 4.9% 24-hour pullback.
Despite the dip, crypto analyst Ali noted that TAO has reclaimed a critical Fibonacci retracement level at $421. That recovery, according to his 3-day chart breakdown, may be the early sign of a return to bullish structure.
Traders are now watching for sustained movement above $420 to set the stage for a larger push.
Ali’s chart places the next resistance cluster between $520 and $740. The $520 level aligns with the 0.786 Fib retracement and serves as the first real barrier ahead of the range top. Above $740, the structure shifts.
Fibonacci extension targets sit at $1,115, $1,867, and $3,298.
Bittensor $TAO has been range-bound between $190 and $740 since 2023. Now trading in the middle of that range, a move back to $740 looks increasingly likely. pic.twitter.com/I0Dfsjen06
— Ali (@ali_charts) July 25, 2025
But for now, attention remains on the horizontal range. A close above $520 could bring bulls back in with renewed confidence. Until then, the move above $421 remains the key pivot holding the structure together.
TAO Accumulation Phase May Be Nearing Its End
In a separate chart post, Bitcoinsensus noted that TAO has spent the last 18 months in an extended sideways accumulation.
The analyst mentioned a macro double-bottom forming inside the structure, often seen as a bullish continuation setup. Combined with the recent upward coil, this pattern could signal breakout energy building.
TAO WEEKLY TIME-FRAME MACRO OPPORTUNITY 📈🔥$TAO is has been in an 18 months sideways accumulation range after it's initial run up.
It is now coiling up and slowly moving up in order to break out to the upside in an explosive manner🧲
In addition to that, it has been forming… pic.twitter.com/0hrdsBpzKv
— Bitcoinsensus (@Bitcoinsensus) July 24, 2025
Still, the structure remains intact until price clears the upper resistance. Any rejection between $520 and $740 could delay the upside thesis.
Despite a 3.5% dip over the past week, TAO is stabilizing above key support. Volume remains strong, with over $185 million traded in the last 24 hours. Traders are watching for a weekly close above $520 to validate the upside narrative.
For now, TAO’s movement inside its range continues to offer both caution and opportunity.
