Bittensor just did something the chart hasn’t shown in years. After spending a long time trapped under a descending bearish trendline, the TAO price finally pushed through and closed above it on the weekly timeframe.
Even better, it came back down, retested that trendline, and held. That’s the exact confirmation traders look for when a trend flips.
At writing, Bittensor price is trading around $439.53, and the structure on the higher timeframes looks nothing like it did earlier this year.
The downtrend has officially been invalidated, and price action has started printing higher highs again. When breakouts happen on the weekly chart, they tend to catch most of the market sleeping.
What’s Fueling the TAO Momentum Right Now
Under the hood, there are several catalysts shaping sentiment. Trading volume exploded from $2.3 billion to $7.03 billion in October, partly driven by anticipation of TAO first halving on December 12.
That event will cut emissions from 7,200 TAO per day to 3,600, and historically, supply shocks tend to amplify upside once demand is already rising.
Read Also: Why Is Stellar (XLM) Price Down Today?
There’s also the institutional angle. Nasdaq-listed TAO Synergies increased its treasury to more than fifty-four thousand tokens while raising fresh capital for subnet validation.
Meanwhile, Grayscale allocated 33% of its Decentralized AI Fund to TAO and filed paperwork for a Bittensor trust. Each of these moves adds legitimacy, liquidity, and confidence.
Analysts do warn that short-term corrections can still happen, but the overall direction is clear: more eyes, more volume, and less new supply. That’s how the foundation for larger moves forms.
What Bittensor Chart Is Saying
Breaking through resistance is the first step. Holding that level when price retests it is where conviction shows up. TAO price tapped the same downtrend area that rejected it multiple times this year and refused to fall back. Sellers pushed, and buyers absorbed everything.
The weekly candles are now showing strength, with wicks underneath price suggesting demand. Volume is flowing back into green candles, and buyers finally have room to breathe. This is exactly how new trend legs begin: slow, quiet, and then suddenly obvious once the move is already underway.
The Road Ahead For Bittensor
Momentum doesn’t erase volatility. There will be red days, shakeouts, and hesitation around key levels. But structurally, TAO price has flipped its longest bearish trend in years.
With institutional accumulation, a halving on the horizon, and subnet revenue growth, the ecosystem is getting deeper instead of thinner.
As long as Bittensor price holds above the reclaimed trendline, the next major liquidity zone sits near $495. If that level breaks, the runway toward the $740 to $1,000 range opens up quickly.
For now, most traders aren’t paying attention to the breakout. They’re still focused on old resistance zones and last month’s rejection. The chart, however, says the context has changed. When multi-year downtrends flip, the market tends to realize it late.
The question is simple: will TAO’s next leg start quietly before the crowd shows up?
Stay tuned, this one is worth watching.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
