Here’s Where Bittensor (TAO) Price Could Go Next After the Post-Halving Reset

CaptainAltcoin
TAO-0,61%

TAO is back on trader radars after Michaël van de Poppe pointed out that the token is starting to look interesting again. The big picture is fairly straightforward.

The halving is already behind us, the TAO price went through a rough correction afterward, and now the chart is showing early signs of stabilization. The main level to watch is the $250–$260 zone, which is acting as the line between recovery and another leg lower.

Looking at the daily chart, it appears to be a more relaxed scenario compared to a few weeks ago. The heavy selling pressure is not as visible as it used to be, and prices appear to be trending in a more organized manner.

  • TAO Finally Finds Support After the Selloff
  • Why This Reclaim Matters
  • What Comes Next on the TAO Chart

TAO Finally Finds Support After the Selloff

The TAO price pullback from the highs was not a small one. After topping out near the $470–$500 area, the price rolled over and spent weeks trending lower.

Early attempts to bounce did not hold, and sellers stayed in control until TAO reached a higher timeframe support zone.

Source: X/@CryptoMitchNL

That zone, highlighted by Michaël in green on the chart, is where things began to change. The TAO price stopped making lower lows and started holding its ground.

You can also see heavier volume during the drop, which often points to forced selling. Once that pressure eased, TAO was able to stabilize and start building a base.

ChatGPT Predicts Bittensor (TAO) Price at the End of January_**

Why This Reclaim Matters

One of the more important developments is TAO moving back above the 21-day moving average. This level often acts as a simple trend filter.

When price stays below it, rallies tend to fade. When price gets back above it and holds, the market usually shifts into a slow grind higher rather than continued downside.

TAO is also working to hold above the old support level around $262. This is the area that needs to act as a floor now. If pullbacks continue to get bought in this zone, it supports the idea that the market is trying to flip previous resistance back into support.

What Comes Next on the TAO Chart

Momentum is starting to improve, which shows up in the RSI pushing higher from oversold conditions. That lines up well with price reclaiming key levels and forming higher lows.

As long as the TAO price holds the $250–$260 range, the path opens toward the $300–$325 area first, with much heavier resistance sitting closer to $470.

If momentum continues to build, a move back toward $500 over the coming months stays on the table. If support fails, though, the recovery story gets put on pause.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Woo on BTC Price: 'Bull Trap Incoming' - U.Today

Willy Woo warns investors against short-term optimism in Bitcoin's price, indicating a potential bear trap despite possible relief rallies. He emphasizes that the market remains in a bearish phase and that the current conditions do not signify a market bottom.

UToday5m ago

After a 15% drop from the weekly high, is Ethena facing the risk of a deeper decline?

Ethena (ENA) experienced a brief surge to $0.12, driven by optimistic sentiment and increased trading volume. However, it has since dropped about 15%, revealing long-term bearish trends. Resistance levels suggest potential further declines towards $0.085.

TapChiBitcoin13m ago

Dogecoin Price Jumps as Derivatives Demand Signals Breakout

Key Insights Dogecoin surged to a weekly high of $0.103 as improving market sentiment and strong derivatives demand encouraged traders to position for further gains. Futures data from CoinGlass showed a positive funding rate, indicating long traders are paying premiums while positioning for

CryptoFrontNews55m ago

Hidden "Death Spiral" Risk! Ethereum and Bitmine targeted by short-selling institutions

Ethereum is about to undergo a major upgrade, and the market is highly focused on it. However, short-selling firm Culper Research believes that the Ethereum economic model is failing and warns of a potential "death spiral." They point out that a significant drop in transaction fees and shrinking staking rewards will impact network security. The report also mentions Vitalik Buterin selling Ethereum and questions the market fundamentals, suggesting that Ethereum is facing a new reality.

区块客1h ago

Retail investors are not trading cryptocurrencies but stocks? Cryptocurrency market liquidity is moving to the US stock market, AI helps interpret financial reports and boosts confidence

Wintermute's research indicates that retail cryptocurrency funds are flowing heavily into the US stock market, reversing the correlation to become negatively correlated. As liquidity in the crypto market declines, retail investors prefer mature stock markets, aided by generative AI enhancing their investment capabilities. Cryptocurrencies are gradually becoming part of asset allocation.

CryptoCity4h ago
Comment
0/400
No comments