Analyst Sees Potential for Bittensor (TAO) Breakout, Targeting $628

Bittensor (TAO) is attracting attention in the cryptocurrency market as it navigates post-crash volatility. Analyst Pentoshi (@Pentosh1) highlights a potential bullish surge, noting that TAO’s price has successfully flipped last week’s pre-crash high into support at around $416.8. This move positions the coin for future price increases toward previous highs of $628, according to Pentoshi’s analysis. He has initiated a small position and plans to increase his holdings if TAO dips within the next 24 hours. This optimism comes on the heels of Grayscale’s SEC filing for its Bittensor Trust, which has boosted TAO’s price by 30% to trade above $400. 30% gains despite recent altcoin market decline. The upcoming December halving event could further drive price appreciation as supply tightening is expected.