Bittensor Faces Resistance, $600 Rally Possible If It Breaks Through

Bittensor (TAO) is encountering resistance near the $475 mark after a 30% weekly surge, with traders eyeing a potential breakout toward the $600 level. Analysts attribute this rise to expanding DeFi applications and increased institutional interest. While the price has risen following a strong break from the $290 level, breaking through the $475 resistance zone could trigger a sustained rally towards $600.