Bittensor’s (TAO) price has surged past a long-term downtrend, signaling potential bullish momentum after forming a triple bottom. The cryptocurrency is poised to target $1,250 after a notable rebound from October volatility. Analysts point to strong trading volume and technical indicators like Bull Bear Power at 107.4 and RSI in overbought territory near 70.25 as driving forces behind this potential rally. A triple bottom pattern between $150-$200 is key, providing support and potentially signaling a shift from selling to buying pressure. Following a dip below $280 on October 11, TAO recovered steadily and surged past the $400 mark by October 13, fueled by increased trading activity. This recent rally saw the market cap rise before falling back towards $3 billion and then surging again. The price’s short-term charts indicate a potential upward correction to around $427 or even $435, accompanied by a bullish cross, if bulls maintain control. A pullback is likely as indicators suggest a possible consolidation phase soon, with buyers currently dominating the market.