TAO Shows Promise of breaking Bearish Trend
TAO is showing signs of breaking free from its prolonged bearish market. A recent strong move suggests a potential shift. If a higher low forms at a key technical zone, TAO could rally up to 200% towards its previous high.
For weeks, Bittensor (TAO) was in a downtrend. But now, it’s breaking above a notable lower high. This could signal a trend change. the price is near a crucial area for a bullish move. Buyers need to confirm a higher low for this to happen.
Key technical points include:
- TAO breaks bearish structure: It broke the latest lower high, hinting at a trend change.
- Testing Fibonacci and VWAP: The price is near the 0.618 Fibonacci level and VWAP, forming a vital area.
- POC as a pivot zone: A higher low hear could trigger a strong bullish impulse.
TAOUSDT (1D) Chart Source: TradingView
From a technical view, this zone is vital. If buyers hold this level, a Wave 3 bullish impulse is highly likely. This would target the previous range high.
TAO is at a critical point. A confirmed higher low could spark a powerful move. this setup offers one of the clearest 200% rally opportunities now.
