- Crypto markets are showing early recovery signs after Friday's $19 billion liquidation event, with Ethereum surging 8% and reclaiming $4,100.
- Bittensor (TAO) jumped 35% today and is forming a symmetrical triangle pattern on the weekly chart, suggesting a potential major breakout ahead.
- TAO successfully reclaimed its 100-week moving average at $398.4 after recovering from a crash low of $140.9, now trading around $409.
- If TAO breaks above the upper resistance trendline, the next major upside target is $622.6, representing a potential 51% gain from current levels.
Date: Mon, Oct 13, 2025 | 05:05 AM GMT
After one of the most unforgettable and painful events on Friday night — which triggered nearly $19 billion in crypto liquidations — the market is showing early signs of recovery. Ethereum (ETH) has surged more than 8%, reclaiming the $4,100 level, and major altcoins are starting to follow suit — including Bittensor (TAO).
TAO is back in the green with a solid 35% jump today, and its chart structure is now flashing a potentially bullish signal that could pave the way for a major breakout in the coming days.
Symmetrical Triangle Pattern in Play
On the weekly chart, TAO has been consolidating within a symmetrical triangle pattern — a neutral formation that often precedes a sharp directional breakout.
The technical market correction dragged the token down to the triangle’s lower boundary near $295, before the latest crash to $140.9, where TAO managed to recover strongly, demonstrating resilience against the broader sell-off.
Now trading around $409, TAO has successfully reclaimed its 100-week moving average (MA) at $398.4, a key technical milestone that often signals renewed buying interest. The token currently hovers just below the upper resistance trendline, suggesting growing pressure for a possible breakout.
What’s Next for TAO?
If buying momentum continues at the current level, TAO could soon break above the upper resistance trendline, potentially triggering a bullish continuation pattern. Should this breakout materialize, the next major upside target lies near $622.6 — representing a 51% potential gain from current prices.
However, confirmation is key. Until TAO decisively clears the resistance line, it might consolidate further within its triangle structure as traders await a stronger signal.
That said, the current technical setup — combined with growing market stability — indicates that TAO might be gearing up for its next major move.
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