TAO Decides $300 Is Merely a Suggestion While the Rest of Crypto Catches Feelings

Bittensor [TAO] continued holding above the psychological $300 level this week. While market leaders Bitcoin [BTC] and Ethereum [ETH] faced selling pressure and registered losses, TAO kept trending higher. The $300 mark is an important support level that swing traders should monitor.

The move above $302.4 last week marked a bullish structural shift for TAO on the 3-day chart. Meanwhile, the OBV was making new local highs, and the psychological round number resistance had been overcome. These developments were noteworthy, especially as Bitcoin and many altcoins were forced lower or sideways.

The demand for decentralized AI infrastructure likely explained TAO's relative strength. A pullback toward $300 would be a buying opportunity for traders and investors, with next targets sitting at $450-$500.

The 4-hour chart looks encouraging. The price structure is firmly bullish, and technical indicators reflect steady buying pressure. Fibonacci retracement levels show a retracement may be underway. The $286-$305 pocket would be the ideal buying zone, though it's unclear if that dip will materialize.

Traders can look to buy within the $286-$319 area, as many consider the 50% retracement a key support in an uptrend. In either scenario, $405 and $449 would be the next targets.

A drop below $261.1 would shift the H4 structure bearishly and invalidate the bullish setup.