Key Takeaways

Why is TAO attracting renewed attention?

Whales increased Futures Average Order Size, hinting at accumulation and rising confidence near $345.

What could define Bittensor’s next move?

A daily close above $345 may confirm a breakout, while rejection risks another consolidation phase for the token.

On the 7th of October, Bittensor [TAO] gained over 10% in the last 24 hours, briefly testing a major resistance zone near $345. The surge came as traders debated whether the move marked the start of a breakout or yet another stall within TAO’s prolonged consolidation phase.

At press time, the altcoin hovered below a descending wedge resistance — a level that has historically shaped its mid-term trend.

AMBCrypto examined whether growing whale activity and market positioning could fuel a sustained breakout, or if TAO’s momentum was already fading.

Whales re-enter the Futures market

CryptoQuant’s Futures Average Order Size data showed large holders steadily adding positions over the past two sessions. This steady accumulation aligned with the price uptick and could build pressure to clear the $345 resistance.

Historically, such whale clustering preceded breakout phases. The pattern reflected rising investor confidence in TAO’s short-term upside potential.

At the same time, Volume Bubble Map readings revealed cooling momentum in both Futures and spot markets. This moderation signaled that short-term traders likely took profits while observing TAO’s behavior near resistance.