base-pidgin

Bittensor (TAO) has broken out of a descending channel, forming a bullish cup-and-handle pattern, and surged over 20% within 24 hours. Key highlights:

- TAO is approaching the critical resistance level of $607, which could act as a pivotal point for its trajectory.
- A sustained break above $607 could confirm the bullish reversal and open the door to further upside, with $800 emerging as a potential target.
- Technical indicators, including Fibonacci levels and RSI, support the possibility of extended upward momentum.
- Social Dominance for TAO has seen a sharp rise, reflecting increased discussion and awareness across platforms.
- Bullish sentiment is highlighted by a Long/Short Ratio of 61.22% in favor of long positions and a 28.44% rise in Open Interest.