Date: Sat, Oct 18, 2025 | 06:21 AM GMT
The cryptocurrency market is showing a mild recovery after a period of sharp swings. In the past 24 hours, total liquidations have exceeded $900 million, with $622 million coming from long positions. Aftervthis, several altcoins are beginning to show signs of strength — and one standout performer is Bittensor (TAO).
TAO is up 8% today, extending its weekly rally to an impressive 27%. More importantly, its chart is now revealing a key harmonic pattern that suggests the current momentum could have more room to run.
Harmonic Pattern Hints at Bullish Continuation
On the 4H chart, TAO seems to be forming a Bearish ABCD harmonic pattern — a setup often associated with the final leg of an uptrend before a potential cooling-off period. However, this structure also tends to generate strong bullish movement as it completes its final CD leg.
The formation began in early October from Point A near $283.3, followed by a sharp rally to Point B around $477.5. After that, TAO saw a corrective dip toward Point C near $343, where buyers successfully defended the 100-hour moving average (MA).
Since then, TAO has rebounded to around $397, suggesting that the CD leg of the harmonic formation is now in play — a phase that often sees renewed bullish interest and expanding volume.
What’s Next for TAO?
If this ABCD structure continues to develop as expected, the CD leg could extend toward the 1.44 Fibonacci projection of the BC leg, positioning the Potential Reversal Zone (PRZ) near $537.2.
That projection represents a 35% potential upside from current levels — a target range where traders typically begin to monitor for signs of trend exhaustion or profit-taking.
However, it’s essential for TAO to maintain support above $343 (the C-point area). A breakdown below this level could invalidate the pattern, opening the door for renewed selling pressure and a possible retest of lower support zones.
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