Bittensor (TAO) price is attempting a recovery after a sharp pullback, but the rally is running into a familiar obstacle near the $200 zone. Despite a strong bounce from recent lows and a noticeable pickup in volume, price action remains capped below a key horizontal resistance area that previously acted as breakdown support. Is this consolidation below $200 a sign of strength and accumulation before a breakout? Or are bulls running into heavy supply that could trigger another rejection?
The recent upside push in Bittensor (TAO) also comes amid a fresh exchange listing, which has injected new liquidity and expanded market access. Following the announcement, daily trading volume climbed to around 367K TAO, aligning with the visible spike on the chart as price rebounded from the $150–$160 region toward $188–$190. This surge in activity reflects renewed demand and narrative rotation back into AI-focused tokens.
However, despite the volume expansion, TAO remains capped below the key $200–$220 resistance zone, suggesting that while interest has returned, bulls still need stronger follow-through to confirm a sustained breakout.
TAO is currently compressing just below the $200–$220 supply zone, which previously acted as breakdown support and is now flipping into resistance. Structurally, the trend remains bearish with lower highs intact, but price is attempting to form a short-term higher low above the $160 swing base.
The key development is the bullish divergence on OBV, showing accumulation despite muted price expansion, suggesting stronger hands are absorbing supply. However, CMF continues to remain consolidated below zero, signaling that sustained capital inflow has not yet confirmed the move. If it closes decisively above $205–$210, momentum could accelerate toward $240 and $260. Failure here likely sends the price back to $170, with $150 as structural support.
In short, the accumulation is building, but a sustained close above $200 may only strengthen the bulls, who may further push the Bittensor (TAO) price towards higher targets.
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