Bittensor Price Prediction: TAO Targets $500 as Bullish Momentum Builds

• TAO’s sustained position above key Fibonacci supports strengthens its bullish outlook.
• Rising open interest near $253M indicates renewed trader confidence in TAO’s trend.
• Gradual inflows and stable liquidity highlight a cautious but strengthening accumulation phase.

Bittensor (TAO) is showing signs of a structured recovery as it continues to trade above crucial support levels. After hitting lows near $246 in October, TAO has formed a well-defined Fibonacci retracement structure that indicates renewed buying pressure and a bullish technical setup. The asset’s stability above short-term moving averages and renewed open interest suggest rising trader confidence and the potential for another upward move toward $500.

Consolidation Signals Strength

TAO is currently trading at $439.63, consolidating just above the 0.786 Fibonacci level at $428.87. This area has b…

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