Bittensor (TAO) Breakout Watch: $450–$475 Supply Zone Could Trigger Run to $700+

• TAO trades inside a major higher-timeframe demand zone after weeks of corrective movement
• Market watchers point to the approaching halving as a key driver behind current weakness
• A breakout above major supply levels could open the path toward price discovery targets

Bittensor (TAO) entered the weekend with the market sitting close to a level that has repeatedly acted as a turning point for buyers. The price is currently hovering around $296, only a few steps above a higher-timeframe demand zone placed between $240 and $280.

This area served as the starting point for a strong upward impulse earlier in the year, attracting heavy accumulation from long-term buyers and larger market participants.

Michaël van de Poppe noted that the structure remains simple at this stage. He pointed out that TAO has retraced into the same zone that has held as support for almost a year.

According to him, the halving event is creating temporary pressure across the chart, which explains the recent negative swings. He added that once the halving is complete, the market may return to a buy-the-dip environment if this support continues to hold.

Also Read: Bittensor (TAO) Price Prediction Shows Potential Reversal Targeting $490 Gains

Supply Zone at $450–$475 Remains the Main Barrier

Although market participants are struggling to protect the green demand zone, Bittensor continues to have a prominent supply level overhead. The area between $450 and $475, marked strongly as supply on the chart below, has been rejecting market prices on multiple occasions.

The top level at approximately $472 matches well with a historical structural support level that became resistance following the reversal at the end of November.

The pattern evident on this chart shows lower highs and lower lows ever since the rejection, accompanied by a moving average that declines, indicating bearish forces at work in the shorter term.

The decreasing sizes of the candlesticks with increasing wicks imply that new forces cannot drive the market lower; rather, sellers’ power to drive it lower is waning with increasing wicks.

If buyers can regain possession of the mid-levels at $360, TAO could once again test the supply level. A breakout at this level would carry major impetus because this level was the middle point of the previous breakdown level and could witness a rapid shift in momentum.

Breakout Scenarios Include Targets Toward $700 and Beyond

According to Crypto Patel, the present market setup represents the most important breakout period in the current year. 

The analyst described a second untouched demand zone at the $235 through $185 area beneath the current zone while observing increasing liquidity accumulation directly below the $540 level.

According to him, the chart will establish a clear route to $700 once Bittensor surpasses that threshold. He said that a successful breakout would lead the asset to explore new price levels between $1,000 and $3,000 based on the speed of the market during the breakout moment.

Also Read: Bittensor TAO Price Rally: Safello’s ETP Sparks Bullish Outlook to $355