Bittensor (TAO) Dips 10% to $360-$375 Buy Zone Amid Volume Surge

Crypto analyst Michaël van de Poppe has identified a potential buy opportunity for Bittensor (TAO) as it approaches a critical support level. The recent price retracement of TAO to the $360–$375 zone aligns with historical demand areas, suggesting a favorable risk-reward setup for investors looking to accumulate the asset. This dip could mark a strategic entry point ahead of a possible breakout, as indicated by the increased trading volume and renewed market interest.

Technical analysis reveals that Bittensor’s key support zone at $360–$375 has historically acted as a strong demand area, prompting upward price momentum in previous cycles. The current dip presents a technical buy signal for investors looking to capitalize on a potential rebound. With TAO’s price down nearly 10% from its May 31 peak above $400, the retracement aligns with typical market behavior following a period of volatility.

Market dynamics and the surge in trading volume indicate renewed interest in TAO. The circulating supply of 8.79 million TAO tokens, out of a capped 21 million, adds a layer of scarcity that could underpin long-term value appreciation. The importance of this volume increase as a confirmation of the support zone’s validity suggests that accumulation at these levels could precede a significant price breakout.

For traders and long-term holders, the current price action in TAO offers a compelling case for strategic accumulation. The “buy-the-dip” zone highlighted by van de Poppe is not only a technical indicator but also a psychological level where market participants historically enter positions. This confluence of technical support and volume dynamics creates a favorable risk-reward profile, encouraging investors to consider scaling into positions before potential upward momentum resumes.

Van de Poppe’s analysis provides a clear framework for identifying this buy-the-dip moment, emphasizing the importance of technical levels and market dynamics. As TAO navigates this critical phase, investors should monitor volume trends and price action closely to optimize entry points within a well-defined risk management strategy. The current price dip to a historically reactive support zone, combined with a surge in trading volume, highlights a strategic opportunity for investors in Bittensor (TAO).