Crypto: Bittensor confirms a recovery signal after several weeks of correction
Bittensor is showing signs of a comeback after a long stretch of uncertainty. The TAO token just had one of its best days since its price began to drop. It jumped 15.8 percent in 24 hours. Trading volume also spiked, showing that investors are paying attention again.
The token is now at 272.83 dollars. This rise comes after weeks of failing to break out of a bearish pattern. Now, the market is finally seeing a real return of buyers.
Key stats from the move: The price rose 15.8 percent in one day. TAO hit 272.83 dollars. Daily trading volume grew by 87.3 percent. Total trading reached 272.8 million dollars. The price is approaching the 300 dollar mark. Short term mood has shifted toward buyers.
The chart looks different now. TAO broke out of a downward channel that had lasted since May. Before this, buyers held a support line at 192 dollars. This base helped push the price up and out of the old trend.
Technical tools show the shift. The MACD is stabilizing after a long drop. The histogram is positive, and the MACD line is trying to cross the signal line. This suggests the selling pressure is fading.
However, it is not a total win yet. On-chain data shows that aggressive sellers are still active. The Spot Taker CVD is biased toward sellers. This means the price is going up because passive orders are absorbing the sales, not because buyers are chasing the price higher.
Buyers have not shown full conviction yet. If demand drops, sellers could take over again. But the fact that TAO is holding its gains while people sell is a good sign.
If the trend stays, 300 dollars is the next goal. If demand fails, the recovery will take longer. For now, Bittensor has given its first real signal that the correction might be over.