Has TAO Found Its Floor? The $282 Level Holds Key Clues for Next Rally

Bittensor (TAO) traders are closely watching a familiar script play out. After an explosive rally that saw TAO surge over 200% to peak near $539, the cryptocurrency experienced a substantial pullback of approximately 50%. The coin is now consolidating around $282.30, a level that could prove pivotal for the next leg of the move.

According to market observers, this pattern isn’t unusual in the TAO ecosystem. What stands out is where the price has settled following the correction. With TAO having reached an all-time high of $795.60 historically, the current trading range suggests the market is re-evaluating support levels.

The Critical Question: Can TAO Hold $282?

The way Bittensor bounces from its current support zone will determine whether we see a sustained recovery or further downside pressure. If $282 holds firm as a floor, traders should watch for accumulation signals. A break below this level could open the door to deeper retracements, while a convincing rebound would signal that the worst of the selloff may be behind us.

With a 6.01% gain in the last 24 hours, TAO is showing some resilience at these levels—a potential indication that buying interest is returning. The next 5x move won’t materialize overnight, but price action over the coming weeks will reveal whether this represents a healthy consolidation or something more bearish for Bittensor holders.