Bittensor TAO Seeks Breakout Above $350 Amid Ascending Triangle

The decentralized machine learning network, Bittensor TAO, has been making waves in the crypto space. After a heavy crash from a subnet exit in recent months, the token has stabilized, forming an ascending triangle pattern that signals upward momentum.

According to trader Michaël van de Poppe, Bittensor TAO is pushing for a breakout above $350. The token's price action has stalled without further drops, indicating a classic setup for continuation.

From a technical confluence standpoint, TAO trades at $263.9 inside a bullish trend structure, hugging the upper Bollinger Band resistance at $264.94. Meanwhile, the MACD flashes a golden cross at 1.85, signaling sustained buying pressure. The RSI sits neutral but leans overbought, suggesting a quick dip to the EMA50 support around $252.2 could refresh momentum before charging higher.