Bittensor Bounces Like a Seinfeld Rerun: Will Bulls Fumble $373 or Trip into a Rally?

• Bittensor’s been struttin’ around like it owns the joint for the last ten days. Very bold, very confident—like wearing sneakers to a black-tie event.
• This $373 ceiling? Yeah, it’s become the velvet rope that TAO just can’t seem to get past. Bouncers everywhere.

Bitcoin took a 4.5% nosedive from $98k to $93.5k and—surprise, surprise—Bittensor didn’t even break a sweat. All the other altcoins? Total panic. But TAO? Kept cool. Like Larry avoiding an awkward dinner party.

So here we are, bulls juggling plates, keeping things bullish on the daily chart, hanging out right under $373—because, of course, breaking through would just be TOO easy, right?

For the past ten days, the bulls have been clinging to $336 tighter than George Costanza clings to excuses. It’s tense. You can almost hear the theme music playing.

TAO Bulls Plot… Something? Maybe a Breakout, Maybe Lunch 🥯

Let’s talk numbers. We’ve got this “Fixed Range Volume Profile”—it’s fancy, it’s red, it’s pointing at $357 like it’s a lost set of keys. TAO keeps circling it like, “Where’d I park?”

Moving averages (the 20 and 50, AKA the odd couple) just flipped bullish. Everyone’s excited… or at least they’d like you to think they are.

Price action jumped over $270, gave the bearish structure the ol’ heave-ho, and hustled its way to $373. That 61.8% Fibonacci retracement? Some say it’s math, some say it’s voodoo. Either way, TAO’s believers are eating it up like leftover Chinese food.

The OBV—yeah, it trended higher, slowly, like me walking to the mailbox. Still, it’s not nothing. It’s hope!

Breakout past $373? Suddenly the TAO party moves up to $480. People will lose their minds. Or at least, that’s the theory.

But, let’s not get ahead of ourselves. The four-hour chart? Yawn. OBV’s doing nothing. It’s lazy, like someone napping in a hammock.

The moving averages? Crisscrossed, confused—nobody can make a decision. It’s a range. It’s limbo. $336 to $373—like being stuck in an elevator with the person who won’t stop talking about their cat.

At least the $357 support is holding. Might get a 4.5% bounce, might be nothing. It’s crypto. Nobody knows anything. 🤷

Is Liquidity the Real Plot Twist? 🧐

Check out the heatmap. $380-$390 is apparently a liquidation madhouse. Everyone’s waiting for TAO to poke its nose in there so some big player can pull the rug. Very dramatic.

If that happens, you might see the price zip down to sniff out liquidity at $318-$330. Gotta fill up the liquidity tank, right? Or is it just crypto FOMO?

Of course, if Bitcoin can just stay above $95.7k, maybe—just maybe—we see a rally to $480 or even $500. In that case, people will brag about being “early investors” for the next three years at every barbecue.

Bottom line: Prepare for a rally… or a liquidity grab… or maybe both. It’s TAO, folks! Nobody really knows what’s going on—not even TAO.

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2025-05-07 10:46