Bittensor’s TAO token has defied recent bearish pressure in the broader cryptocurrency market, holding firmly above the $300 support level. While market leaders like Bitcoin and Ethereum faced selling pressure and registered losses, TAO demonstrated relative strength and a bullish structural shift on its chart. Analysts suggest the $300 level is critical for swing traders to monitor, with the uptrend potentially offering a buying opportunity toward targets near $450.
The cryptocurrency Bittensor (TAO) continued to trade above the psychological $300 level amid market-wide selling pressure. While Bitcoin and Ethereum registered losses recently, TAO trended higher, marking a show of relative strength.
A move above $302.4 last week represented a bullish swing structural shift on the three-day chart. The demand for decentralized AI infrastructure was cited as a likely explanation for the AI token’s performance.
This development makes the $300 level an important support for swing traders to watch. A pullback toward this zone could present a buying opportunity for traders and investors.
On the four-hour chart, the price structure was firmly bullish with indicators reflecting steady buying pressure. Analysis of Fibonacci retracement levels suggested an ideal buying zone between $286 and $305.
Traders could consider buying within the $286 to $319 area, as many consider the 50% retracement a key support in an uptrend. In such a scenario, the $405 and $449 levels are identified as the next targets.
A drop below the $261.1 mark would shift the H4 structure bearishly and invalidate the bullish setup. The sustained uptrend suggests the next targets could be $409 and $450, provided the support holds.
