The price of Bittensor [$TAO] is currently consolidating around $302, with support at $295 and resistance at $318. The key shift is no longer just the sideways trading phase but the cooling-off phase after the buyers have made their measured move within the defined range.
$TAO successfully broke above the $277.20 resistance level and extended its rally to $341. This was before sellers began taking profits as they stalled much of the breakout momentum.
Bears attempted a sell-off towards $283 in early October but were unable to gain enough momentum to initiate a larger sell-off. This indicates that buyers continue to defend the overall structure.
