Bittensor (TAO) Price Rockets Past Key Levels – Analyst Says Best Entry May Be Now

TAO is back in the spotlight after bouncing from a long-term downtrend. The price is now sitting around $412 and knocking on a key resistance zone. Traders are watching closely to see if it can break through and start the next leg up

Meanwhile, prominent analyst Crypto Patel has shared his thoughts on X(Formerly Twitter), he noted that TAO price is already up 45% from his buy zone and could head much higher if momentum holds.

According to Patel, the ideal entry was between $260 and $290, and that setup played out perfectly. Now, he sees $330–$370 as the next potential re-entry if price pulls back

Long term, he believes TAO price could reach $2,000 to $5,000, though he hasn’t put a timeline on that.

TAO Breaks Out of Long-Term Bearish Trend

TAO spent over a year trending lower inside a descending channel. Every bounce failed to break the pattern, until now

After bottoming out around $167 to $210, buyers stepped in and pushed TAO price up nearly 200%, and broke through the upper boundary of the channel.

That breakout was strong and clean, and sent the token up to $485. It also left behind a fair value gap and a set of Fibonacci levels that are now acting as important technical markers.

TAO Price Stalls Below $480 as Bulls Test Resistance

The next big test is the $450–$480 resistance zone. This area has rejected TAO in the past, and the price is currently consolidating just below it

Source: X/CryptoPatel

If buyers manage to push through, the next major target is around $750, based on projected TAO chart moves.

A breakout above $480 could trigger a strong continuation rally. But if TAO price gets rejected again, traders will be looking to lower levels for support.

Read Also: 5 Reasons Why Bitcoin (BTC) Price Could Reach $250,000 This Year

TAO Builds a Support Base – Key Levels to Watch

The first layer of support sits around $350 to $370. If that level doesn’t hold, the next area to watch is the zone between $322 and $250, where the fair value gap and key Fibonacci retracement levels line up.

That zone is right in line with Crypto Patel’s original buy area, and many traders see it as a “golden” re-entry if TAO price dips that far again.

Below $200? High Risk, High Reward

Patel also points out that a move below $200 would be a warning sign. It doesn’t mean the trend is over, but it does shift things into high-risk territory

That range has acted as a base before, but if the price breaks, momentum could fade. TAO trading volume on the 3-day chart is holding steady at 31.44K

The focus now is simple: will TAO price break through $480 and continue higher, or will it pull back and offer another shot for latecomers to enter? Either way, the chart structure and volume suggest this move is far from over.

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The post Bittensor (TAO) Price Rockets Past Key Levels – Analyst Says Best Entry May Be Now appeared first on CaptainAltcoin.