Bittensor’s TAO price has returned to a level that has delivered some of the strongest rallies in its history. After months of selling pressure, TAO is once again testing a demand zone that previously acted as the starting point for major upside moves. That setup has caught the attention of market analyst Third Eye, who believes the current price structure deserves a closer look.

TAO currently trades around $251, which places it directly inside a support area between $245 and $260. This is the same region where previous rallies began before delivering gains of 360% in 2024, 196% in early 2025, and another 287% move later in 2025. Those historical reactions do not guarantee another rally. Even so, they provide an important reference point as Bittensor revisits the zone once again.

Third Eye pointed out that every major TAO rally over the last two years began after price returned to the same demand area. The analyst noted that TAO is now back inside that zone after an extended correction.

The structure has become particularly interesting because Bittensor continues to hold above major support despite broader weakness across several AI related crypto assets. Third Eye identified $180 to $250 as the key support range. That area has repeatedly attracted buyers whenever TAO price entered it.

The analyst outlined several upside targets if support continues to hold. The first objective stands near $400, followed by a second target around $600. A full cycle target above $1,000 remains the most ambitious projection.

History never repeats perfectly. Even so, markets often revisit similar structures. That is why many chart watchers continue monitoring this area closely.

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A look at the TAO chart shows that Bittensor remains inside a well-defined ascending channel. Price recently tested the lower boundary of that structure and briefly slipped beneath support during yesterday’s session.

Buyers stepped in quickly after that move. Their response prevented a deeper breakdown and helped keep the channel intact.

That support remains extremely important because a decisive move below $237 could expose TAO price to additional downside pressure. Such a breakdown would weaken the bullish structure that has guided price higher during recent months.

Resistance levels now become the next challenge. Bulls would first need to reclaim the $290 region before attempting a move toward the next major resistance at $324.

The ascending channel itself points toward a potential move close to $400 during the coming days or weeks if the current structure remains intact. That target aligns closely with the first objective identified by Third Eye.

Another factor deserves attention.

Although the ascending channel projects toward $400, TAO price still faces a much larger technical obstacle. A long-term descending resistance line has remained in place since December 2024.

That trendline has repeatedly capped recovery attempts over the past year and a half. Any move toward $400 would place TAO directly beneath that resistance.

A breakout above both the $400 level and the descending trendline would represent a major technical development. Such a move could open the door toward substantially higher price targets and potentially validate the bullish cycle projections outlined by Third Eye.

Current momentum indicators reveal that bulls have not fully regained control yet.

The Relative Strength Index currently stands at 40.294. RSI readings below 50 typically indicate weaker buying pressure. This reading suggests buyers are attempting to defend support, although momentum remains tilted toward sellers.

The Stochastic indicator sits at 39.313. That reading also points toward bearish momentum in the short term. Recovery attempts may continue facing resistance until the indicator begins pushing higher.

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MACD remains negative at -2.53. Negative MACD readings generally indicate that downward momentum remains active. Bulls would want to see this indicator begin turning upward before confidence improves.

The Average Directional Index stands at 40.305. ADX measures trend strength rather than direction. A reading above 25 usually signals a strong trend. Since the current trend direction remains bearish, this elevated ADX suggests that sellers still maintain meaningful control.

TAO price now sits at a fascinating technical crossroads. Historical demand zone reactions support the bullish case. The ascending channel continues pointing higher, and the $400 target remains achievable if support holds.

Yes, Bittensor (TAO) theoretically has the mathematical potential to reach , but it is considered a highly speculative and ultra-long-term scenario. Achieving this price point would require a massive expansion of decentralized AI infrastructure and widespread industry adoption

Bittensor was created by Jacob Robert Steeves and Ala Shaabana, former AI researchers who published its whitepaper in 2021 under the pseudonym “Yuma Rao” to build decentralized machine intelligence.

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The post Bittensor (TAO) Price Analysis: The Chart That Made 4x Gains Three Times Is Flashing Again appeared first on CaptainAltcoin.

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