Bittensor Holds Critical Support Range as Bears Test $350–$434 Zone
According to market analyst Rekt Capital, TAO is currently locked in a key consolidation range between $350 and $434, with the orange zone now acting as crucial support. After failing to close a weekly candle above the $434 resistance—signaling bearish confirmation—TAO slid lower into this long-tested area of historical demand.
The orange region has repeatedly served as a launchpad for price rebounds, including a recent bounce back in April. For now, this zone remains intact, helping to prevent a deeper correction.
As long as the price stays above this level, Rekt Capital suggests that TAO can continue consolidating within the broader orange-blue range and potentially curl up again toward the $434 resistance over time.
However, the bearish scenario remains on the table. If TAO were to close below the orange zone on the daily chart and flip it into resistance, history suggests a sharp decline could follow. On both prior occasions when this bearish confirmation occurred, TAO dropped to as low as $216.
Despite the market’s recent pullback, Rekt Capital cautions against giving in to “bearish euphoria.” He emphasizes that as long as the orange support continues to hold, the consolidation phase within the $350–$434 range remains active—and the outlook neutral-to-positive.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
