Bittensor (TAO) breaks key $288.1 level with strong volume, signaling potential 21% price rise ahead.

Bittensor (TAO) has broken above the critical $288.1 Fibonacci retracement level for the first time since March 2026, supported by a daily volume of 23.57K TAO, which surpasses recent averages. The 200-day moving average at $272.4 has shifted from resistance to support, indicating a positive trend shift. This breakout follows a base-building phase after a three-month decline, with the next resistance expected near $300 and a potential upside target of $348.7, representing a 21% gain from current prices. Maintaining support above $288.1 and the 200-day MA will be crucial for sustaining this upward momentum.