The post TAO price action shifts hints at 200% rally potential, but one key confirmation remains appeared on BitcoinEthereumNews.com.

TAO has recently shown signs of breaking free from its extended bearish market structure with a decisive impulse move. While this shift is promising, if a higher low is established at a key confluence zone, TAO could be setting up for a potential 200% rally toward the previous range high. Over the past several weeks, Bittensor (TAO) has been locked in a steady downtrend, consistently printing lower highs and lower lows. That pattern may now be changing. The recent impulsive move broke above a significant lower high, marking the first real break in TAO’s bearish structure. Now, price is hovering around a high-probability zone for continuation—provided buyers can confirm a valid higher low. Key technical points TAO Breaks Bearish Market Structure: TAO has broken the most recent lower high, signaling a potential shift in trend for the first time since the range high. Testing the 0.618 Fibonacci and VWAP: Price is now testing the golden Fibonacci level, which aligns with the VWAP drawn from the top of the current downtrend, forming a crucial area of technical confluence. Point of Control (POC) as a Pivot Zone: If TAO confirms a higher low at this zone, where POC, VWAP, and 0.618 Fib all intersect, it increases the probability of a strong bullish impulse. TAOUSDT (1D) Chart Source: TradingView From a technical perspective, this current zone of interaction is highly significant for TAO. The confluence of key indicators, specifically the point of control, 0.618 Fibonacci level, and anchored VWAP, creates a strong area of interest. If buyers defend this level and TAO forms a higher low, the setup for a Wave 3 bullish impulse becomes far more likely. This would target the previous range high, equating to a projected 200% rally from the current zone. Zooming out to the macro structure, TAO remains…

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Filed under: News - @ April 25, 2025 11:27 pm