![Has Bittensor [TAO] finally ended its correction after a 16% breakout rally?](https://i.headtopics.com/images/2026/6/13/cryptoamb/has-bittensor-tao-finally-ended-its-correction-aft-has-bittensor-tao-finally-ended-its-correction-aft-B27CB8DD9FB8A9887C116C4017301599.webp)
TAO surged nearly 16% as volume jumped 87%, while a channel breakout strengthened recovery prospects.
Bittensor surged 15.8% over the past 24 hours and climbed to $247.70 as trading activity returned aggressively across the market. Daily trading volume expanded 87.3% to $272.8 million, highlighting a sharp increase in participation after several weeks of persistent weakness.spent much of May and early June trapped within a declining structure that repeatedly rejected recovery attempts.
As buying interest strengthened, traders pushed the token back toward the key $255 resistance zone that previously acted as support before the broader correction unfolded. Even so, the latest advance ranked among the strongest daily recoveries in recent weeks and shifted short-term sentiment in favor of the bulls. Despite the sharp recovery, underlying order-flow data painted a more cautious picture.remained seller-dominant, indicating that aggressive market sellers continued to outweigh aggressive buyers throughout the rally.
The divergence suggested that passive bids absorbed sell-side pressure rather than buyers chasing price higher through market orders. While the strong price appreciation reflected improving sentiment, the imbalance in taker activity showed that conviction had not fully shifted in favor of the bulls.
Nevertheless, TAO maintained its gains even as sellers remained active, which highlighted growing demand around current levels. However, persistent seller dominance could still slow the recovery if demand begins to weaken. A notable change emerged on the daily chart after TAO broke above its descending channel, ending a structure that had guided price lower since May. Buyers first defended the $192 support region before driving the price sharply higher and reclaiming ground toward the middle of the previous trading range.
The breakout also carried the price above the channel’s upper boundary, which strengthened the bullish case for a broader recovery. The histogram flipped positive, while the MACD line attempted a bullish crossover beneath the signal line. Although the crossover had not fully completed, the improving structure indicated that bearish pressure had weakened considerably. Should buyers maintain control above the breakout zone, TAO could challenge the $255 resistance area before targeting the psychologically important $300 level. Seller dominance persisted, yet buyers continued absorbing supply during recovery.
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