Bittensor's TAO token surged 26% this week, trading near the upper Bollinger Band amid sustained buying pressure. The asset remains above key moving averages and VWAP, confirming a strong bullish structure.
Momentum remains robust, with ADX signaling a powerful directional move and expanding bands reflecting heightened volatility. However, RSI readings across multiple timeframes are in overbought territory, suggesting the rally may be stretched.
Key support levels at $247 and $227, based on Fibonacci retracements, now define the next critical test. Holding these levels would preserve the uptrend; a break below could signal a pause or pullback.