• Bittensor (TAO) sustains its bullish run with strong trading volume.
• Breakout above $420 confirms renewed investor confidence.
• RSI and MACD indicators highlight strengthening upward momentum.
• Holding above $400 remains vital for continued growth.

Bittensor (TAO) continues its upward trajectory, showing steady growth and strong market momentum. Over the past 24 hours, TAO has surged by nearly 11.31%, reflecting renewed investor interest. The token has gained 10.32% in the last week, highlighting sustained buying pressure and rising confidence in its long-term potential.

Currently, TAO is trading at $442.86, supported by a robust 24-hour trading volume of $418.05 million, marking an 18.86% daily rise. Its market capitalization stands at $4.52 billion, up by 10.93%, indicating heightened market activity and sustained bullish momentum in the ongoing trading cycle.

Also Read: Bittensor (TAO) Eyes Breakout Above Resistance Area Around $500 to $520 Zone

Bullish Momentum Builds as TAO Holds Support

According to crypto analyst @CryptoFaibik, Bittensor (TAO) has successfully broken out of a long-term descending wedge pattern, signaling a potential shift in market momentum. The breakout occurred above the $400–$420 resistance zone, which now acts as a strong support level. Currently trading at $442.86, TAO shows consolidation above the breakout level, confirming bullish sentiment and renewed investor confidence.

The chart projects an upside target of $930, representing a potential 139.73% increase from the breakout point. The upside target comes from the height of the wedge pattern. The important level above $420 should be maintained to support the positive pattern, while the area around $465-$480 may offer a test of current strength.

If the price maintains its current level, a rally towards $600 and then $930 may be expected. But a fall below $400 may nullify the breakout and trigger a potential fall towards $365. Overall, the breakout in TAO shows that the strong bullish stage has begun since there’s renewed optimism.

RSI and MACD Confirm Strength in Market Momentum

The value of 69.37 on the RSI indicates that it is moving towards the overbought level of 70. This indicates that buying power continues to be strong in the market. However, there may be a short-term correction if it reaches the overbought level. The crossover on the RSI confirmed that upward momentum in the price movement continues.

The MACD line at 8.48 has moved above the signal line at 4.89. The positive and rising bars of the histogram indicate sustained momentum. The combination of these factors confirms that the moving upward trend may continue as long as positive momentum prevails.

Also Read: Bittensor (TAO) Price Prediction: Bullish Breakout Could Drive Token Toward $700