Bittensor (TAO) Shows Potential Rebound: Could a Double Bottom Pattern Spark a Recovery?

The cryptocurrency market is facing considerable headwinds in 2025. Ethereum (ETH), often seen as a bellwether for the space, suffered a significant downturn with a Q1 loss of 45%, marking its worst start since 2018. This bearish trend has also affected high-growth sectors like AI-focused tokens, with Bittensor (TAO) declining nearly 42% year-to-date. However, recent technical signals suggest the token might be on the verge of a rebound. TAO experienced a significant price increase today, indicating a renewed bullish sentiment. Could this mark the beginning of a larger recovery?