Why Is Bittensor (TAO) Price Pumping Today?

TAO finally gave traders something to be happy about, and Crypto Twitter is buzzing about the sudden strength

After weeks of drifting lower, the TAO price just printed a move that looks like the first real sign of life in a while, and the charts back it up. Two analysts helped spark the excitement, and price action did the rest.

TAO Breaks Out as Crypto Twitter Leans Bullish

A big part of today’s pump comes from what’s showing up on the daily chart. The TAO price has been stuck in a steady downtrend for nearly a month.

But that changed as soon as the price bounced off the bottom of its wedge pattern and pushed straight through its descending trendline. It’s the first true break in bearish momentum in weeks.

Source: X/@LSTraderCrypto

Right in the middle of this, LSTRADER shared a post on X that immediately caught attention: “I want one last song from you. A daily close above $290.”

He shared the post just in time for the TAO price to rip through the $290–$300 zone and turn that level into a battleground for buyers. Whether by coincidence or crowd psychology, the market clearly reacted.

A Clean Reversal Is Taking Shape

The second chart makes the picture even cleaner. TAO is forming a rounded bottom right at the $287 Fibonacci extension level

The TAO price bounced perfectly from that spot before powering back above $300, putting TAO right in the middle of its broader trading range again. That’s usually where momentum starts shifting for real.

Source: X/@SatoshiFlipper

Satoshi Flipper added his own take on X, saying, “$TAO daily looking great here … tick tock, tick tock .” And honestly, the chart backs him up. The trendline is broken, sellers look exhausted, and buyers are finally stepping in with enough volume to matter.

So Where Does TAO Go Next?

The next big area to watch is around $388, the midpoint resistance from the wider range. If the TAO price can push through and close above it, the charts open up toward the $488 resistance zone, which is where the last big rally topped out before reversing.

For now, the simple story is this: TAO broke its downtrend, reclaimed a key support area, and lit up bullish sentiment across social media

After weeks of drifting lower, the token finally has a setup that gives buyers something real to work with, and the market is paying attention.

Read Also: Bittensor (TAO) Could Finally Solve 2021 Crypto Limitations: Here’s What It’s Building

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post Why Is Bittensor (TAO) Price Pumping Today? appeared first on CaptainAltcoin.