- $TAO surges 7% intraday, reclaiming the critical $290 support level.
- Bullish technical signals emerge: MACD crossover + engulfing candle + rising volume.
- Whales add 5,000 TAO during the dip, fueling momentum toward $320 resistance.
In the volatile world of decentralized AI, Bittensor’s native token $TAO has staged an impressive comeback, reclaiming the crucial $290 support level as of November, 2025. This move, highlighted by veteran trader Crypto Tony on X, underscores growing optimism among bulls in the AI-crypto intersection, where machine learning meets blockchain innovation. After a sharp correction that saw $TAO plummet to $250 lows earlier this month—wiping out gains from October’s highs near $350—the token’s 7% intraday surge signals a potential trend reversal.
Whale Accumulation and AI Narrative Drive Momentum
The chart tells a compelling story: a classic head-and-shoulders pattern breakdown in early November gave way to capitulation selling, but recent candlestick action reveals strong buying pressure. Green engulfing patterns on the daily timeframe, coupled with a MACD crossover above the signal line, point to renewed momentum. Trading volume has jumped 20% over the past 48 hours, per Bybit perpetual futures data, with long positions outpacing shorts by a 2:1 ratio. This isn’t just noise; it’s a testament to $TAO’s fundamentals. Bittensor’s decentralized neural network continues to attract developers building on its subnet architecture, with recent integrations boosting on-chain activity by 35% week-over-week.
Key Levels: Can TAO Target $320 Next?
What sparked this rebound? Broader market tailwinds play a role—Bitcoin’s stabilization above $85,000 has lifted altcoins, but $TAO’s outperformance ties directly to AI hype. Nvidia’s latest earnings beat expectations, reigniting narratives around tokenized intelligence. Whales, holding over 60% of supply, have accumulated 5,000 TAO in the dip, per Arkham Intelligence, positioning for a push toward $320 resistance. Yet, risks linger: a failure to hold $290 could retest $260, especially if macro headwinds like Fed rate signals intensify.For traders, opportunities abound. Crypto Tony’s shoutout to WEEX’s no-KYC platform, offering 20% deposit bonuses via referral, democratizes access amid regulatory scrutiny.
The Bigger Picture — Is AI Crypto Entering a New Phase?
This aligns with $TAO’s ethos of open, permissionless AI. As the sector matures, $TAO’s market cap—now hovering at $2.1 billion—positions it as a blue-chip play in web3 AI.Looking ahead, December could be explosive if $TAO breaks $320, eyeing all-time highs. Investors should monitor subnet launches and Ethereum’s Dencun upgrade for synergies. In a market where AI tokens like FET and AGIX lag, $TAO’s reclaim isn’t just technical—it’s a vote of confidence in decentralized intelligence reshaping finance.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
