Bittensor(TAO) Breaks Resistance With Strong Rally—Can It Hit $600 Next?
The post Bittensor has shown strong price action in November, supported by technical breakouts and rising institutional interest. On the monthly chart shared by CryptoBullet1, TAO formed a bullish engulfing candle, indicating a potential trend reversal. The token rose 5% this month to trade around $505, after hitting a high of $539 and a low of $480. At the same time, daily gains reached 6. 82% as TAO/USDT broke above $480, turning resistance into new support. The recovery gained strength with confirmation on the daily timeframe, pointing to continued bullish pressure if momentum holds. Meanwhile, TAO/BTC jumped 36. 17% this week to 0. 004815 BTC, its highest level in nearly a year, according to TradingView. Michaël van de Poppe noted this breakout follows months of consolidation, with the uptrend now confirmed above short-term moving averages. However, strong technicals and renewed volume may help sustain short-term upside. Institutional Onramps Expand as TAO Trading Hits $1B Milestone TAO reached a major milestone by crossing $1 billion in daily trading volume for the first time on November 1. Centralized exchanges contributed over $940 million, while decentralized platforms added $51. 5 million, reflecting rising demand. BitGo holds the underlying tokens in cold.