Date: Fri, April 25, 2025 | 11:36 AM GMT
After a rough start to 2025, where even Ethereum (ETH) tanked by 45% in Q1, the crypto market is finally flashing signs of life. ETH is up 12% over the past week, and this bullish momentum is now spilling over into altcoins — with Bittensor (TAO) showing one of the most intriguing recovery setups.
The AI narrative token, Bittensor (TAO), which also recently went through a major correction, has managed to pull off a noticeable rebound. The altcoin has surged an impressive 40% over the past week, trimming its year-to-date losses to around 16%, and a classic harmonic pattern now hints that this recovery could have much more room to run.
Double Bottom Pattern Signal
A closer look at the weekly chart reveals a highly promising technical structure — a double bottom pattern, a bullish reversal signal that often emerges at the tail-end of prolonged downtrends.
The first bottom of this pattern formed back in March 2024, after TAO was rejected near the $765 mark, leading to a brutal selloff. After finding a bottom, TAO staged a powerful rally of over 344%, peaking around $744 in December. However, the rally eventually faded, and TAO retraced almost 77.8%, revisiting critical support at around $167 — establishing the second bottom.
Following this crucial support retest, TAO has bounced sharply, surging over 124% and currently trading near $366. This move reflects a growing accumulation phase and building bullish momentum around the key demand zone.
Adding strength to this setup, the MACD indicator on the weekly timeframe is starting to curl upward, with a bullish crossover likely to occur soon. Interestingly, the MACD structure is also showing a similar path to the last major bullish cycle, suggesting that momentum is shifting once again in favor of the bulls.
Key Levels to Watch
The next critical level for TAO is the 50-week Moving Average (MA), currently sitting around the $391 mark. A successful breakout and weekly close above this MA would significantly reinforce the bullish case.
Beyond that, the neckline resistance near $743 remains the most important level. A breakout above this major resistance would officially confirm the double bottom pattern and could trigger a larger bullish phase, targeting the $750–$950 region over the coming months.
Final Thoughts
Bittensor (TAO) is flashing one of the clearest bullish reversal setups among major altcoins right now. Supported by a textbook double bottom structure and an early bullish MACD signal, the odds appear to be shifting toward a continued upside move.
However, it’s important to note that after such a strong initial rebound, TAO may make some slight correction or consolidation around current levels before pushing higher. As long as key supports hold, the bigger bullish structure remains intact, and the technical landscape suggests that TAO could be gearing up for a strong breakout rally if the current momentum persists.
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