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Bittensor Maintains Wave Structure Integrity Despite 2% Daily Drop in Volatile Market

Bittensor Maintains Wave Structure Integrity Despite 2% Daily Drop in Volatile Market

2025-10-13

  • Bittensor ($TAO) trades at $306.52, showing only a 2.0% daily decline despite a volatile crypto mark
  • The token maintains solid support at $285.62 and faces resistance at $330.49 within a defined trading range.
  • Technical charts confirm the wave 2 low, suggesting the broader upward structure remains unbroken.

While the broader cryptocurrency market experiences widespread volatility, Bittensor ($TAO) has shown notable price resilience. The token currently trades at $306.52, reflecting a mild 2.0% decline over the past 24 hours. This stability comes as other assets recorded significant losses during the same period.

The latest chart structure suggests that TAO remains within a defined wave pattern, with the second corrective phase appearing confirmed. Despite market-wide liquidations, no major support or trendline breaches have been observed. This consistency indicates that the project continues to maintain its technical framework without visible structural damage.

Technical Structure Confirms Wave 2 Low Near $285.62 Support

The current analysis identifies $285.62 as a crucial support level. Price data shows that TAO briefly approached this region before rebounding, confirming the second wave low. The structure remains intact, showing that the ongoing correction did not disrupt the longer-term ascending pattern.

Moreover, the resistance level at $330.49 represents the next potential challenge for buyers. A sustained break above this zone could redefine near-term sentiment. Until then, price action remains confined between these two technical boundaries. Market participants are closely monitoring this range for indications of renewed trend continuation or short-term compression.

However, compared to other digital assets, TAO’s limited volatility has drawn attention from traders seeking relative stability amid broader downturns. The muted response also emphasizes a steady demand base supporting the token at current levels.

Chart Formation Suggests Possible Upside Structure Development

The chart formation highlights a downtrend resistance line converging with recent consolidation, forming a technical setup often associated with trend continuation phases. The positioning of the wave count indicates that the larger impulsive sequence remains active, and the market may be preparing for the next phase of expansion once momentum builds above the resistance line.

Within the observed structure, TAO’s current price behavior appears consistent with a reaccumulation stage following correction. The defined 24-hour range underscores moderate intraday movement, with prices fluctuating between $285.62 and $330.49. Traders continue to evaluate whether this range could serve as a launch base for a potential breakout once the downward slope is fully tested.The broader implication for market observers is that, despite sharp corrections across digital assets, TAO’s technical posture remains organized and unbroken. As price consolidates above confirmed support, attention shifts to whether the resistance zone can accommodate renewed buying activity in the coming sessions.

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