Bittenser priceTAO

Bittensor's $TAO token is undergoing a major reset after a 200% rally followed by a 50% drop, now trading 65% below its all-time high. The upcoming halving will cut emissions by 50%, increasing scarcity and fueling bullish sentiment.

$TAO: High-Timeframe Technical Outlook $TAO has already delivered ~200% upside from earlier structure. From the recent swing high near $539, price has corrected ~50% and is now ~65% below ATH, A normal reset after an impulsive expansion. Key Structure & Levels Price is currently trading above the 0.618 Fibonacci retracement at ~$262, which is a critical HTF support. As long as $262 (0.618 fib) holds on a daily/weekly closing basis, the structure remains bullish, with potential for continuation toward new ATH. Downside Scenarios If $262 fails, next major support lies at the 0.786 Fibonacci around ~$215, a historically strong reaction zone. Bullish Order Block: $263 – $228 → Confluence of fib support + demand zone = high-probability accumulation area. Invalidation / Risk A clean breakdown and acceptance below $228 would invalidate the current bullish structure. In that case, probability increases for a deeper move, potentially sub-$100 in a worst-case market-wide risk-off scenario. Strategy: 🔹 This is not a one-shot entry zone, It’s a slow accumulation range. 🔹 Risk-managed scaling is favored while price holds above the order block. 🔹 Momentum expansion during a confirmed alt-season opens upside targets in the $1,000 – $2,000 range over the full cycle. 🔹 HTF trend remains constructive above $262. 🔹 Volatility is part of cycle structure. Trade levels, not emotions. 🔹 Not financial advice. Technical structure based.

$TAO 12h 💰 - #TAO is now in a correction wave that follows a good downtrend impulse move, it looks like a triangle or WXY pattern, so keep an eye on it, the next impulse could be down once this wave ends. 📉

$TAO Ready to Halving 🔥🔥