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In technical analysis, a sustained close above $200 for Bittensor (TAO) is a specific signal used to distinguish a temporary "fake-out" from a genuine change in market direction. Here is a breakdown of what that phrase means in practice as of February 3, 2026: 1. The Meaning of a "Close" In the 24/7 crypto market, a "close" typically refers to the price at 00:00 UTC (5:30 AM IST). Intraday Spike vs. Close: If TAO jumps to $205 at noon but falls back to $195 by the end of the day, it has not "closed" above the level. The Signal: A close confirms that buyers were strong enough to maintain the higher price through the daily settlement period, rather than just a brief flash of buying. 2. Why "$200" Matters The $200 mark is a psychological resistance level. Round Number Effect: Large, round numbers often act as "ceilings" because many traders place sell orders exactly at these points. Support-turned-Resistance: TAO recently broke below $200, which converted this former floor into a new ceiling. Reclaiming it would signal that the bulls have regained control of this critical battlefield. 3. Defining "Sustained" A single day above $200 might still be a "trap." Traders look for patience and volume to call it "sustained": Multiple Days: Many professional strategies require 2 or 3 consecutive daily closes above the level to confirm the new trend. Support Retest: Often, the price will break above $200, dip back to "test" it, and then bounce. If $200 holds during that dip, it is considered a sustained role reversal from resistance to support. Volume Confirmation: A break above $200 is much more likely to be sustained if it happens with high trading volume, indicating that institutional "big money" is participating in the move. Summary for TAO Currently, TAO is trading below its major moving averages (like the 200-day SMA at $327.66). Reclaiming $200 is the first necessary step for a trend reversal—moving from a bearish (downward) trend back to a bullish (upward) or neutral phase. {future}(TAOUSDT)

In technical analysis, a sustained close above $200 for Bittensor (TAO) is a specific signal used to distinguish a temporary "fake-out" from a genuine change in market direction.
Here is a breakdown of what that phrase means in practice as of February 3, 2026:
1. The Meaning of a "Close"
In the 24/7 crypto market, a "close" typically refers to the price at 00:00 UTC (5:30 AM IST).
Intraday Spike vs. Close: If TAO jumps to $205 at noon but falls back to $195 by the end of the day, it has not "closed" above the level.
The Signal: A close confirms that buyers were strong enough to maintain the higher price through the daily settlement period, rather than just a brief flash of buying.
2. Why "$200" Matters
The $200 mark is a psychological resistance level.
Round Number Effect: Large, round numbers often act as "ceilings" because many traders place sell orders exactly at these points.
Support-turned-Resistance: TAO recently broke below $200, which converted this former floor into a new ceiling. Reclaiming it would signal that the bulls have regained control of this critical battlefield.
3. Defining "Sustained"
A single day above $200 might still be a "trap." Traders look for patience and volume to call it "sustained":
Multiple Days: Many professional strategies require 2 or 3 consecutive daily closes above the level to confirm the new trend.
Support Retest: Often, the price will break above $200, dip back to "test" it, and then bounce. If $200 holds during that dip, it is considered a sustained role reversal from resistance to support.
Volume Confirmation: A break above $200 is much more likely to be sustained if it happens with high trading volume, indicating that institutional "big money" is participating in the move.
Summary for TAO

Currently, TAO is trading below its major moving averages (like the 200-day SMA at $327.66). Reclaiming $200 is the first necessary step for a trend reversal—moving from a bearish (downward) trend back to a bullish (upward) or neutral phase.

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