Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Bittensor (TAO) Following Predictable Pattern – Is a Bullish Move Coming?

Bittensor (TAO) Following Predictable Pattern – Is a Bullish Move Coming?

CoinsProbeCoinsProbe2025/02/25 01:55
By:Nilesh Hembade

Date: Mon, February 24, 2025 | 11:35 AM GMT

In the cryptocurrency market, Bittensor (TAO) has continued to stand out as one of the leading AI tokens. Back in August 2024, TAO initiated a bullish rally before major altcoins followed suit in November 2024, positioning itself as a frontrunner in market trends.

Currently, while most altcoins are facing corrections, TAO has emerged as the fourth-highest gainer in the last 30 days, posting a 14% increase and currently trading at $425 with a market capitalization of $3.57 billion.

Bittensor (TAO) Following Predictable Pattern – Is a Bullish Move Coming? image 0 Source: Coinmarketcap

The price action suggests a similar and predictable pattern, hinting at a potential bullish move ahead.

Ascending Channel Setup

On the weekly chart, TAO is consolidating within an ascending channel, forming a repeating pattern where each time the price touches the bottom support (marked in black circles), it experiences a strong rebound. Historically, after testing this support, TAO has surged in a span of 9 weeks (63 days), with the last breakout leading to an explosive over 300% rally.

Bittensor (TAO) Following Predictable Pattern – Is a Bullish Move Coming? image 1 Bittensor (TAO) Weekly Chart/Coinsprobe (Source: Tradingview)

Currently, TAO has bounced off the bottom of the channel which brings it’s price to current level of $425 and is testing the 25-Day moving average (MA). This is similar to the previous pre-breakout structure, where a successful reclaim of the 25 MA (marked in red circles) confirmed a continuation of the uptrend.

If TAO successfully reclaims the 25 MA, it could confirm the bullish setup, with a potential price target of $850 in early April.

The MACD is currently showing signs of recovery, with the blue MACD line nearing a bullish crossover with the orange signal line. If this crossover completes, it could provide additional confirmation of upcoming momentum, aligning with the historical price action.

Final Thoughts

TAO is once again showing early signs of strength, mirroring its previous breakout cycle. If it successfully holds above the 25 MA, the probability of a bullish continuation increases, with a potential 85%+ upside toward $790. However, traders should keep an eye on macro market conditions and volume confirmations before making any trading decisions.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Hyperliquid (HYPE) Price Prediction 2026: Will Rising Adoption Propel It to $90? While Qubetics Presale Smashes Past $18 Million

Explore Hyperliquid's HYPE price prediction for 2026, with projections as high as $90. Discover Qubetics' $18M presale and how its Layer 1 wallet is redefining decentralized autonomy.The Rise of Hyperliquid: A Quiet Revolution in DeFiQubetics: Enabling Secure Digital Autonomy Through a Non-Custodial Multi-Chain WalletConclusion: Hyperliquid and Qubetics Define DeFi’s Next Frontier

Coinomedia2025/06/18 19:01
Hyperliquid (HYPE) Price Prediction 2026: Will Rising Adoption Propel It to $90? While Qubetics Presale Smashes Past $18 Million

Bitcoin Cycle Predicts $205K Peak in 2025

Bitcoin may hit $205K in 2025 if its 3-year growth, 1-year consolidation cycle holds true, signaling a potential 120% rally ahead.BTC’s Proven 4-Year Pattern Returns$205K in Sight: Can BTC Double Again?Why This Matters for Investors

Coinomedia2025/06/18 19:00
Bitcoin Cycle Predicts $205K Peak in 2025