Bittensor (TAO) Gains 45% — Can It Break Above $300?

Bittensor (TAO) has staged a strong recovery from its August low around $190, gaining more than 45% at its recent peak. The rebound has significantly improved TAO's short-term picture, with the token forming a series of higher highs and higher lows as buyers regained momentum.

However, the broader market structure remains bearish, meaning the latest advance could still represent a recovery within a larger downtrend until TAO manages to overcome key previous highs. With the price now pulling back from approximately $277 into an important support area, the question is whether buyers can defend the recent recovery and prepare for another move higher.

Bittensor (TAO) technical analysis

TAOUSD - 1 Day Time Frame

TAO's latest bullish move created an important daily support zone between approximately $232 and $254. After reaching around $277, the token is now correcting back toward this area. Rather than necessarily signaling renewed weakness, the pullback could provide a more favorable entry price following the previous bullish expansion. As long as TAO continues to respect the $232–$254 support zone, its improving internal bullish structure could remain intact.

The main limitation of the current setup is the broader bearish structure. The first major test is located around $292, where the nearest Buy-Side Liquidity and a previous external high are positioned. A sustained move above this level could further strengthen the bullish scenario and indicate that the recovery is beginning to challenge the broader bearish structure.

From a risk-management perspective, a daily close below the lower boundary of the support zone around $232 could weaken the setup and potentially justify reducing part of a position. A wider protective Stop Loss could be considered around $215, below the latest important structural low.

Bittensor (TAO) price target

If bullish momentum resumes, the potential Take Profit levels are represented by Buy-Side Liquidity areas around $292, $333, $350, and $377. The first target at $292 is particularly important because a sustained breakout above this area could provide another positive technical signal and strengthen the case for an extension toward the higher targets.

If buyers establish themselves above $292, attention could gradually shift toward $333, followed by $350 and $377. However, these higher targets would depend on TAO maintaining its improving structure and overcoming the broader bearish pressure that remains in place.

For now, TAO's internal technical picture has improved considerably following its more than 45% recovery from the August low. The current pullback into the $232–$254 support zone could provide a more attractive long-side opportunity if the area continues to hold.

The main focus remains on $292. Sustained strength above this level could open the way toward $333, $350 and $377, while a daily close below $232 could significantly weaken the current bullish setup and increase the risk of a deeper correction.

Crypto assets are unregulated, decentralised and highly volatile assets which entail substantial risks and you may lose all invested capital. Refer to the Disclaimers for detailed information on potential risks.