TAO Eyes Breakout Above $500 for Potential $800 Surge

TAO, the native token of Bittensor, is currently testing a key resistance level around $500. This level has historically been a barrier for price movements. However, increasing market momentum and volume suggest growing bullish interest as traders anticipate a potential breakthrough. If TAO can successfully close above $500, it could signal a significant shift in the market, triggering a wave of buying activity. A breakout could propel TAO toward its next major target: $800. This target is based on historical price action and technical projections, indicating a potential reversal of previous downtrends.