• TAO ($394.96) broke out of a descending channel, forming a bullish cup-and-handle pattern.
• Market sentiment aligned with bullish momentum, as technical indicators and metrics supported further gains.

Bittensor [TAO] has broken out of a prolonged descending channel, sparking excitement among traders about a potential cup-and-handle formation. 

Trading at $525.9 at press time, the cryptocurrency has surged over 20% within 24 hours, accompanied by an extraordinary 183.78% spike in trading volume. 

TAO price action: Momentum builds in a bullish shift

TAO’s price action has turned decisively bullish, with the breakout from the descending channel signaling the beginning of a strong upward trend.

The cryptocurrency is approaching the critical resistance level of $607, which could act as a pivotal point for its trajectory.

A sustained break above this level would confirm the bullish reversal and open the door to further upside, with $800 emerging as a potential target based on historical price structures and technical patterns.

However, failure to breach $607 could lead to short-term consolidation, offering traders opportunities to reassess market conditions.

The momentum, fueled by increasing trading volume and market enthusiasm, suggests that bulls are firmly ...