- TAO/USDT retests a major descending trendline, forming higher lows, signaling potential breakout and upward movement toward 388–408 USDT.
- Weekly support zones show repeated buyer interest, with stochastic RSI indicating renewed buying pressure and potential continuation of the bullish trend.
- Liquidity cluster near $400, combined with market cap recovery toward $2.8B, strengthens the potential for TAO’s upward price movement.
TAO/USDT has recently tested major support and resistance levels, indicating potential bullish momentum. Price action shows repeated higher lows, suggesting growing market confidence.
Trendline Retest Signals Potential Upside
TAO has been in a prolonged downtrend, confined under a major descending trendline on. The trendline has repeatedly acted as dynamic resistance, keeping price under pressure.
Recently, TAO formed a rounded bottom-like structure, pushing toward the trendline, suggesting a possible breakout.Momentum appears to be building as price compression under the trendline increases. The token is currently trading around 290 .
A breakout above this level could open room for a potential upside target between 388 and 408 USDT. The green projection area on the chart reflects this potential rally, based on previous structural price levels.
Source: Captain Faibik
Volume confirmation and a retest turning resistance into support would offer a clearer breakout signal. The current setup suggests that TAO is approaching a critical decision point for trend direction.
Weekly Support Zones Suggest Recovery
The weekly TAO/USDT chart shows a strong support region that has consistently attracted buyers. Price retracing toward this zone previously led to impulsive upward reversals.
The current pullback has reached this high-probability area again.Early signs of buying interest appear, indicated by the wick beneath the latest candle.
This area also aligns with historical accumulation periods, making it a key zone for potential recovery. Analysts are anticipating a rebound toward mid-range levels between 400 and 500 USDT.
Technical indicator the stochastic RSI has bounced from oversold regions. This renewed buying pressure suggests that bulls are attempting to maintain momentum and could push prices higher if buying persists.
Liquidity Clusters and Market Cap Trends
TAO faces a notable liquidity cluster around 400 USDT, valued at approximately $1.3 million. This zone represents a potential target if the current rally continues.
Bittensor’s price must overcome the $305 level to maintain upward momentum.Market capitalization trends from November 19 to 25 show a drop from $3.2B to $2.5B, followed by partial recovery toward $2.8B.
The pattern reflects short-term volatility and rotation between buyers and sellers. Minor pullbacks indicate stabilization, but buyers remain active, suggesting ongoing interest.
The combination of trendline retests, weekly support, and liquidity targets positions TAO for a potential bullish phase if price confirms movement above resistance. Traders are monitoring key levels for entry and potential continuation.
