Date: Sun, June 29, 2025 | 06:04 PM GMT
The cryptocurrency market is making a steady recovery as Ethereum (ETH) has rebounded sharply, jumping over 11% in the last 7 days and currently trading around the $2,435 mark. This renewed strength in ETH has revived positive momentum across the major altcoins.
Among the standout performers, Bittensor (TAO) is back on a bullish path with a solid 12% weekly gain. Interestingly, a key harmonic pattern forming on the 4-hour chart suggests that this move may just be the beginning of a larger upside.
Harmonic Pattern Hints at Major Upside
A closer examination of TAO’s 4-hour chart reveals the development of a textbook Bearish Bat harmonic pattern. This structure is commonly used by technical analysts to identify potential reversal or exhaustion zones when the final CD leg is under development.
The pattern originates at the X point around $443.27, from which the price dropped significantly to point A, bounced to point B, and then declined again to point C near $314.24. From this low, TAO has started to rebound and is currently trading around $342. The token is now approaching the 200-period moving average at $372.93, which acts as a crucial resistance level.
If the harmonic pattern continues to unfold as expected, TAO could rally toward the Potential Reversal Zone (PRZ) between $425 and $443. These targets align with the 0.886 and 1.0 Fibonacci extensions of the pattern and mark the typical completion zone for a Bearish Bat setup.
What’s Next for TAO?
If TAO manages to break above the 200-day moving average with sustained bullish momentum, it would confirm the harmonic structure and signal a strong continuation of the uptrend. From the current price, this would imply a possible rally of over 29% toward the $443 area, which serves as the next major resistance and final target for the pattern.
However, it is equally important to monitor the $314 support level. If TAO fails to hold above this mark, it could lead to short-term consolidation or even a pullback before any sustained upward move resumes.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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