
TAO Refuses to Join the Pity Party: Bittensor Holds $300 While Bitcoin and ETH Take One for the Team
Bittensor [ $TAO ] continued to trade above the psychological $300 level, apparently too busy building decentralized AI infrastructure to notice the bloodbath elsewhere. While market leaders Bitcoin [BTC] and Ethereum [ETH] faced strong selling pressure over the past week and were forced to register losses, $TAO continued to trend higher with the confidence of a project that's actually delivering utility. The $300 level remains an important support that swing traders should keep on their radar, preferably bookmarked somewhere they won't lose it in the chaos.
The move above $302.4 last week represented a bullish swing structural shift for $TAO on the 3-day chart—basically the crypto equivalent of your friend finally hitting the gym while everyone else is ordering pizza. At the same time, the OBV was making new local highs, and a psychological round number resistance had been overcome. These developments were particularly notable given that Bitcoin and many altcoins were forced lower or sideways. The demand for decentralized AI infrastructure likely explained the AI token's relative strength, or as we call it in the space, "actually having a use case."
A pullback toward $300 would be a buying opportunity for Bittensor traders and investors, with next targets in the $450-$500 range. For those keeping track at home, that's roughly a 50% gain from current levels—nothing crazy, just your standard "maybe I'll finally pay off my student loans" territory.
The 4-hour chart was quite encouraging. In this timeframe, the price structure was firmly bullish, because apparently TAO missed the memo about the market having feelings. Technical indicators supported the upward momentum and reflected steady buying pressure on the altcoin. Fibonacci retracement levels showed a retracement was underway—because even degens need to catch their breath. The $286-$305 pocket would be the ideal buying zone, though it's unclear if this dip will materialize. Traders can look to buy anywhere within the $286-$319 area, as many traders and analysts also consider the 50% retracement as key support in an uptrend. In either scenario, the $405 and $449 levels would be the next targets. A drop below the $261.1 mark would shift the H4 structure bearishly and invalidate the bullish setup—basically, don't go betting the rent money just yet.
Bittensor continued to trade above the $300 level despite the broader crypto market correction over the past two days, showing more spine than your average altcoin. This show of relative strength could spark another uptrend next week, with $409 and $450 serving as the next targets. Somewhere, a Bitcoin maxi is crying into their cold brew about "
Mentioned Coins
Share Article
Quick Info
Disclaimer: This content is for information and entertainment purposes only. It does not constitute financial, investment, legal, or tax advice. Always do your own research and consult with qualified professionals before making any financial decisions.
See our Terms of Service, Privacy Policy, and Editorial Policy.