• TAO remains confined within a wide trading range of $214 to $698, with current price stability near $491.62.
• The token recently retested its median range at $456, confirming this level as a significant structural support zone.
• Resistance at $491.64 limits short-term momentum, while sustained strength above this area could target the $698 upper boundary.

Bittensor’s native token, TAO, continues to trade within a defined long-term range, holding steady after retesting the midpoint area. The asset currently trades at $491.62, showing a modest 0.7% daily increase. Despite the short-term volatility, TAO is still positioned within the broader range between $214 and $698. The midpoint of this range, near $456, has been instrumental as a support and resistance throughout the recent sessions.

Market Structure and Current Position

TAO recently advanced above the median range, reaching a local high close to $491.64 before stabilizing. The breakout followed a sustained consolidation around $456, where trading activity had concentrated for weeks. That zone, now retested, forms a structural base for the current move. The ongoing price reaction within this area indicates an attempt to maintain control above the median boundary.

$TAO | One Big Range Play

Range from $214 – $698.

Price broke out of the median range at $456. A retest of the highlighted order block was expected since it coincides with the median range.

If momentum continues, I'm looking at the next top of the range which sits at $1.18k.… pic.twitter.com/Ffq3VUTAM9

— iWantCoinNews (@iWantCoinNews) November 3, 2025

However, the recent retest of the highlighted order block near the $457.20 level reflects renewed liquidity collection before any further advance. The lower timeframe shows short pullbacks forming below $450, an area traders often observe for refined stop levels.

Resistance Levels and Short-Term Outlook

Resistance remains at $491.64, capping intraday advances for now. A sustained move beyond this level could expose the next major target near the top of the long-term range around $698. However, if selling pressure persists, a return toward $457.20 could extend the current consolidation phase. The technical setup highlights the importance of the $456–$457 zone as an equilibrium level where both sides are currently active.

Broader Market Context and Observations

On broader timeframes, TAO’s structure continues to reflect range-bound behavior between $214 and $698. Price volatility remains contained within those boundaries, with traders focusing on short-term reactions near the median band. 

Notably, the breakout above $456 and subsequent retest have drawn attention to whether the asset can sustain stability above that midpoint. The current technical landscape suggests that movement around this key range median will likely dictate near-term market direction.