$TAO Bittensor (TAO) is currently trading near $191 on the 4H timeframe after staging a powerful rebound from the $142.8 swing low. The chart structure shows a clear shift from a prolonged downtrend into a short-term bullish recovery, supported by rising volume and strong impulsive candles. This V-shaped reaction signals aggressive accumulation at lower levels. However, price is now approaching a critical resistance zone between $205 and $208, which aligns closely with the recent 24-hour high at $208.8. A decisive breakout and 4H close above this region could confirm bullish continuation, opening the path toward $220 and potentially $240–245 in the mid-term.
On the downside, immediate support is positioned at $182–185, which is acting as short-term demand. If $TAO holds this level during pullbacks, bulls remain in control. A breakdown below $182 may lead to a correction toward $170, while the major structural support remains around $142–150 — the base of the recent rally. Market sentiment is improving, but volatility is expanding, meaning both breakout and pullback scenarios are tradable. Traders should monitor volume confirmation at resistance and watch for healthy retests at support to optimize risk-to-reward setups.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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