TAO 4H Analysis - Key Triggers Ahead

💀 Hey , how's it going ? Come over here — Satoshi got something for you!

⏰ We’re analyzing TAO on the 4-Hour timeframe.

👀 On the 4-hour timeframe for Bittensor (TAO), we can see that this coin belongs to the AI category on CoinMarketCap and currently holds rank #35. TAO had been moving inside a continuation descending channel, but it has now successfully broken out of this channel. With a completed pullback and a proper setup candle confirmation in multi-timeframe analysis, this could present a trade opportunity.

⚙️ Key RSI levels for this coin are at 70 (overbought threshold) and 35 (near oversold). At the start of the current leg, during the holiday session, volatility increased strongly, and TAO managed to break through its swing resistances. If RSI pushes above 70 and enters the overbought zone, the coin could experience a solid bullish move.

🕯 The number of green candles has been increasing, and TAO also reacted well to the channel top. At the same time, a major resistance at $322 was broken, with all sell orders at that level fully absorbed.

🪙 Looking at the TAO/BTC pair on the 4-hour timeframe, we can see that after breaking through its previous resistance, the pair is currently consolidating and completing a pullback at this zone. Once the pullback is confirmed with a setup candle, we could have a strong trade confirmation.

💡 The key alarm zones for this coin are:

Around $322, where a reaction followed by a bounce can push the price higher.

With a successful breakout above $327, TAO could gain momentum and continue its bullish trend.

❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .