Date: Sat, Jan 03, 2026 | 06:50 PM GMT
As 2026 kicks off, the broader cryptocurrency market is showing renewed stability. Ethereum (ETH) has reclaimed the $3,100 mark, and momentum is gradually spreading across major altcoins — including Bittensor (TAO).
TAO is trading around 3% higher on the day, extending its weekly gains to nearly 14%. While the short-term strength is encouraging, the more important development lies in the structure forming on the chart. Recent price action suggests a meaningful shift in market behavior — one that could signal the early stages of a bullish continuation if key levels are reclaimed.
Source: Coinmarketcap
Rounding Bottom Pattern Takes Shape
On the 4-hour timeframe, Bittensor appears to be forming a rounding bottom pattern, a classic bullish reversal structure that typically develops after an extended corrective phase. This pattern reflects a gradual transition from distribution to accumulation, where selling pressure fades and buyers begin to step in more consistently.
The setup began after TAO faced a firm rejection near the $315 neckline resistance, which triggered a sharp decline through late November and December. That move eventually found strong demand near the $206 support zone, where selling momentum stalled. Multiple defenses of this level prevented any deeper breakdown and helped establish a solid base for a potential trend reversal.
Bittensor (TAO) 4H Chart/Coinsprobe (Source: Tradingview)
Since carving out that bottom, TAO has started to curve higher in a smooth, rounded fashion — closely matching the textbook structure of a developing rounding bottom. The recent recovery has also brought price back toward the 200-period moving average near $254, a level that previously acted as resistance and is now being tested as potential support.
What’s Next for TAO?
If TAO manages to hold above the 200 MA, that level could act as short-term support and provide a foundation for further upside attempts. A clean breakout above the $315 resistance zone, followed by sustained acceptance above it, would validate the entire reversal structure and likely open the door for a broader bullish expansion phase, with momentum traders re-entering the market.
Until that breakout occurs, the pattern remains in development. Short-term consolidation or shallow pullbacks remain possible, particularly as price digests recent gains. However, as long as TAO continues to maintain higher lows above the established base, the broader bottoming structure remains intact and constructive.
For now, the chart suggests that TAO is approaching a critical confirmation phase — one that could determine whether this recovery evolves into a sustained bullish trend as the new year unfolds.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Short-selling firm Culper releases bearish report on Ethereum: Fusaka upgrade disrupts ETH token economics
Aggressive short-selling firm Culper Research has released a report bearish on Ethereum (ETH), believing that the Fusaka upgrade in 2025 will cause structural damage to ETH's token economy. The report points out that a significant decrease in Gas fees has led to increased address pollution attacks and reduced validator rewards, and emphasizes that Ethereum is facing competitive pressure from Solana and L2 solutions. Culper believes that ETH's value capture ability is declining and has started shorting ETH.
ChainNewsAbmedia57m ago
Geopolitical Turmoil! Dalio Declares "Gold is the Only True God," but Its Safe-Haven Performance Trails Bitcoin
As geopolitical tensions in the Middle East escalate, Bridgewater founder Ray Dalio questions Bitcoin and reaffirms gold as the preferred safe haven. Nevertheless, gold prices fell accordingly, while Bitcoin only experienced a slight correction, indicating that the correlation between the two is weakening. Dalio doubts Bitcoin's transparency and future risks, but he still maintains a small allocation of Bitcoin for diversification.
区块客1h ago
Zcash (ZEC) at the important crossroads: What could happen in the next few weeks?
Zcash (ZEC) shows signs of stabilization after declining from over 700 USD, with price nearing critical support around 200 USD. Recent recovery indicates buyer strength, but momentum indicators suggest caution. A breakout above 250 USD could initiate further recovery.
TapChiBitcoin1h ago
ETH 15-minute sharp decline of 1.53%: Large investors' short-term profit-taking and ETF capital outflows resonate, triggering a significant drop
From 13:45 to 14:00 on March 6, 2026 (UTC), ETH experienced a significant fluctuation, with a short-term decline of 1.53%. The price fluctuated sharply between 2019.21 and 2051.26 USDT, with an amplitude of 1.56%. High-frequency sell orders surged, market attention spiked, trading volume increased, and the divergence between bulls and bears intensified. Market sentiment became more cautious.
The main driving force behind this fluctuation was large investors and whale accounts reducing their positions after a short-term rebound, leading to a rapid release of large sell orders and triggering short-term selling pressure in the market. On the ETF front, holdings
GateNews1h ago
BTC short-term decline of 1.23%: whale fund outflows and leveraged long liquidations trigger concentrated selling
On 2026-03-06 from 13:45 to 14:00 (UTC), the price of Bitcoin (BTC) experienced a -1.23% return over 15 minutes, with a price range of 69,219.0 to 70,086.3 USDT, and an amplitude of 1.24%. Trading activity significantly increased in a short period, with the market focusing on intense volatility and a resurgence of risk sentiment.
The main drivers of this anomaly are continuous outflows of on-chain whale funds and large-scale leveraged long liquidations in the derivatives market. According to on-chain data, whale withdrawals reached as high as 16,972 BTC in a single day, Whales O
GateNews1h ago
Samson Mow Objects to Michael Saylor's Bitcoin Insufficiency Post - U.Today
The debate over Bitcoin's supply scarcity is highlighted by Michael Saylor's claim that there isn't enough Bitcoin for everyone, which Samson Mow counters with calculations showing each person could receive around 259,259 satoshis if distributed globally. Mow's argument underscores the reality that large entities hold significant portions of Bitcoin, emphasizing its scarcity and potential value.
UToday2h ago
