Bittensor (TAO) Price Flag Looks Ready to Fly — But One Risk Could Break the Pole
Bittensor (TAO) value has gained almost 14% in the previous 24 hours, extending its weekly rise to about 40%. A transparent sample is forming on the chart — one which, if confirmed, may push the TAO value again towards its earlier all-time high shaped final yr.
But a important danger lingers in the background. It may determine whether or not this flag truly takes off or breaks earlier than lift-off.
Whales Back the Rally as One Metric Hits Record High
On-chain information reveals that whales are nonetheless answerable for the TAO price direction.
The Chaikin Money Flow (CMF) — an indicator that tracks cash circulation from massive wallets — has climbed to 0.40, its highest stage since TAO’s Binance itemizing.
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Despite a quick dip on October 7, CMF has been rising steadily since early September, displaying constant whale inflows. Even throughout the October 10 market crash, massive holders continued shopping for as an alternative of exiting.
This marks the strongest spot accumulation section since Bittensor’s debut. Whales seem unfazed by market noise, suggesting the spot market is being powered by conviction fairly than short-term hypothesis.
Leverage Build-Up Could Break the Pole
While spot information stays agency (courtesy of massive wallets), derivatives present a danger that would spoil the rally. Perpetual futures quantity has jumped from $813 million on October 13 to over $1.49 billion on October 14, an 83% improve in only a day. And most of the quantity is betting lengthy.
On Bitget alone, lengthy positions complete about $22.33 million, whereas shorts stand at $9.06 million, creating greater than a 100% lengthy bias. That imbalance reveals merchants are closely betting on the upside.
The downside is that if the TAO value corrects even barely, these leveraged longs may very well be liquidated (lengthy squeeze) — inflicting a quick drop.
It’s a transparent break up: whales are accumulating on the spot aspect, however aggressive leverage may undo that progress in a single sharp transfer.
TAO Price Pattern Faces Its Breakout Test
The 4-hour chart reveals the Bittensor price forming a bullish flag — a brief consolidation after a robust rally. The pole displays the latest uptrend, whereas the flag represents the present consolidation earlier than a possible breakout. Based on the pole’s projection, the TAO value may need the potential to hit $797, crossing its earlier all-time high.
While the each day chart captures the broader value rise, the 4-hour chart highlights the finer construction of the flag — displaying how momentum is cooling after the pole and forming a good consolidation that would quickly resolve in both course.
The TAO value trades close to $463, going through resistance at $469, the key flag breakout set off. If it clears that, the sample initiatives up to 73% upside (talked about earlier), opening targets at $519, $665, and the earlier value peak of $757 and past.
If the rally fails, $423 and $381 act as assist. A detailed under $381 would invalidate the bullish flag, confirming that the pole has snapped earlier than a breakout.
For now, Bittensor sits at a important level. Spot whales are shopping for, leverage merchants are crowding in, and the $469 stage will determine who wins.
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