TAO Token Breaks Above Resistance as Whale Activity Surges
Bittensor's TAO token has been on a three-day bullish run, pushing above the $202.50 resistance that had held for weeks.
The token broke above both the 20-day and 50-day Exponential Moving Averages (EMAs) before briefly testing the 50-day EMA at $205.82.
This move strengthens the bullish setup, with TAO still within a broader bullish flag pattern that has held since March.
The next key zone for buyers is the $205-$220 range, and a sustained break above the 50-day EMA could expose TAO to the 100-day EMA at $220.62.
If this happens, the $240 resistance would come into focus.
A recent increase in whale orders around TAO's current trading price signals greater participation from larger market players, which could provide additional demand and help buyers defend the recent bullish gains.