Date: Thu, Sept 25, 2025 | 10:10 AM GMT
The cryptocurrency market continues its sharp retracement, with Bitcoin (BTC) and Ethereum (ETH) both sliding into weekly losses. ETH, in particular, dropped by more than 12% to the $4,000 mark. Unsurprisingly, major altcoins are also under pressure, including the AI-focused token Bittensor (TAO).
Over the past week, TAO has shed nearly 16%, but more importantly, the token is now retesting a critical breakout zone — a level that could dictate whether it rebounds or extends its decline.
Retesting the Falling Wedge Breakout
For several weeks, TAO was locked in a falling wedge pattern, a widely recognized bullish reversal formation that often signals the start of a new upward trend. The token found support around $301, which sparked a breakout above the wedge’s descending resistance line near $338.
That breakout fueled a rally toward a local high of $373, which aligned closely with the 200-day moving average ($356.91). However, sellers quickly took profits, dragging the token back down.
Now, TAO has retraced to retest the wedge’s upper boundary, with the price hovering around $301. This level has become the battleground where bulls are attempting to defend the breakout.
What’s Next for TAO?
If buyers step in and successfully defend the support trendline, TAO could regain bullish momentum. The first major hurdle sits at the 200-day MA around $356.9, and clearing this resistance could pave the way for a stronger push higher.
Based on the wedge’s technical projection, TAO carries the potential to climb toward $472, representing a 56% upside from current levels.
On the flip side, a failure to hold above $287 would suggest a false breakout, which could trap bullish traders and shift sentiment back to bearish — potentially delaying any meaningful recovery.
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