TAO Snaps Its Sideways Streak as Bulls Regain Control After Two Weeks

Bittensor’s native token, TAO, has surged 6% in the past 24 hours, breaking out of a two-week-long horizontal channel that had kept prices consolidating since September 23. The rally comes as crypto market liquidity improves, with capital inflows rising across risk assets amid a weakening US dollar and uncertainty in traditional finance markets.  As bullish sentiment spreads across the broader crypto market, TAO could be gearing up for new local highs if current momentum holds. Traders Pile In as TAO Flips Bullish TAO traded within a horizontal channel between September 23 and October 7, keeping its price performance muted source: https://beincrypto.com/tao-price-breakout-rally/