Will Bittensor Bears Be Trapped in a Dilemma Will the 500 Level Trigger a TAO Rebound

Coin World News Report:
Bittensor has grown by 20% this month.
Traders have been expecting a rebound from the $500 region.
As one of the top artificial intelligence coins expected to grow in the long term, Bitensor has attracted wide attention.
Despite a 10% decline in the past week, the token has risen by 20% this month, indicating an optimistic outlook over a longer period of time.
TAO recently broke the inverted head and shoulders pattern, surpassing the $600 level, but has since entered a consolidation phase.
Shorts exiting trigger a rebound
Many traders mistakenly believed that this marked the end of the bullish trend, despite no obvious structural breakthrough on a higher time frame.
This led to a large number of short positions entering the market, with expectations of further price decline. However, the price of TAO soared after this pattern, trapping these shorts.
Subsequently, the price has recovered to the breakeven level, which is typically a psychological area where trapped traders seek to exit. If more shorts exit their positions, it could lead to a potential rebound.
At the time of publication, TAO’s trading price is around $560, below this psychological level. If market conditions improve, further decline to the $500 range could trigger a rebound to $600 and above.
After a recent correction, TAO seems to be in a state of vertical accumulation, indicating the possibility of a rebound within a 45-minute timeframe. A drop to the $500 range for the token is seen as a short-term buying opportunity.
Strong bullish convergence on the 4-hour chart suggests that the price may rise, with a minimum target of $800 by 2025.
However, traders remain cautious as the MACD indicator shows some weakness, indicating that if TAO loses support, the price may briefly fall below $500 again.
TAO ranks among top AI projects
Bittensor’s long-term prospects remain optimistic, but traders should closely monitor key levels of potential returns.
Despite recent declines, TAO remains one of the top projects in the artificial intelligence ecosystem, further supporting its bullish potential.
According to development, the token ranks among the top 5 artificial intelligence and big data projects along with other prominent participants such as Near Protocol, Oasis, and The Graph.
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Bittensor’s TAO price predictions
2024–2025
Bittensor’s inclusion in this list highlights its strong position in the market, enabling it to rebound from the $500 level.
Traders should closely monitor key price levels and market dynamics as Bittensor may further rise in the coming months.