Bittensor's Rally Tests Key Resistance Zone – Potential for More Upside If...

Bittensor's rally tests major resistance zone - More upside ahead IF...

Bittensor (TAO) is currently experiencing a rally that is testing significant resistance levels in the cryptocurrency market. With strong buying pressure following recent market corrections, traders should monitor key price points closely to assess the potential for further gains.

Key Takeaways

Traders should pay attention to range extremes until they are broken, as TAO's relative strength against Bitcoin suggests a high probability of surpassing $500.
October has witnessed elevated spot market volumes, with sustained buying activity contributing to potential upward price movement.
Bittensor has been trading within a range of $295 to $471 since June, with a mid-range level at $383.
The price drop during the market crash on October 10th did not fall below the established range lows, showing resilience.

TAO 1-day Chart Source: TAO/USDT on TradingView

The 1-day chart exhibited a significant candlewick reaching $140 on Binance, a platform known for its volatile wicks with various altcoins. Nevertheless, the daily session concluded at $290.7, and since then, the price has recovered from its lows, indicating strength for this leading AI token. In the last 24 hours, TAO has risen by 10.75%, with daily trading volume increasing by 38.8%.

Crucial price targets on the 1-day chart include mid-range support at $383 and the range high at $471. The Chaikin Money Flow (CMF) reading above +0.05 signifies strong buying pressure, and the Relative Strength Index (RSI) reading of 62 indicates solid bullish momentum. Overall, a move towards $470-$480 seems very probable in the upcoming days.

TAO Liquidation Heatmap Source: CoinGlass

The two-week liquidation heatmap highlights that the $450-$480 range is a notably strong area of interest, closely aligned with the current market price of $446. To find a liquidity cluster of similar density, we would need to look as low as $395. Therefore, it is likely that Bittensor could see a movement beyond the range highs in the coming days. The key question remains: Can the bulls initiate a breakout?

Bittensor’s Relative Strength Enhances Bullish Outlook

TAO BTC 1-day Source: TAO/BTC on TradingView

An analysis of Bittensor's performance relative to Bitcoin (BTC) after the market correction reveals positive signs. The TAO/BTC chart demonstrated a bullish structure break on October 12th, indicating a shift in momentum. While Bitcoin struggled to stabilize and dipped to around $108k, buyers were aggressively purchasing TAO, contributing to a rally.

The long-term resistance levels for TAO compared to BTC, established earlier in 2025, are still a significant distance away, indicating potential for continued upward movement.

Disclaimer: The information provided does not constitute financial, investment, trading, or other forms of advice and reflects only the author's opinion.