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Bittensor (TAO) rallies 3 days after bullish breakout, eyeing $290 but risks remain with high long exposure.

Technical Signals
25 Aug 2026
AMBCrypto
View Source
Bullish
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Bittensor (TAO) extended gains for three consecutive days following a breakout from a bullish flag pattern that had limited price movement since mid-March. The rally was supported by rising Open Interest, indicating increased trader activity, with 69% of positions being long, signaling bullish sentiment but also raising liquidation risks. TAO is currently testing its 200-day EMA near $237, with a sustained move above this level potentially pushing the price toward $290. However, the crowded long market means a short-term correction is possible, making the $290 level a critical target for bulls to watch.

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