TAO's 16% Pump Has a Plot Twist: Sellers Crashed the Party but Forgot to Leave 🚪

Bittensor [TAO] climbed 15.8% over the past 24 hours to $247.70, with daily trading volume surging 87.3% to $272.8 million as participation expanded sharply across the market. The move pulled TAO back toward the $255 resistance zone, a level that previously served as support before the broader correction took shape. The token remained below the $300 mark, leaving a significant barrier for any continued recovery attempt. The advance ranked among the strongest single-day recoveries in recent weeks and shifted short-term sentiment in favor of the bulls.

Underlying order-flow data, however, showed a different dynamic beneath the price action. Spot Taker CVD stayed seller-dominant throughout the rally, indicating that aggressive market sellers continued to outweigh aggressive buyers. The divergence pointed to passive bids absorbing sell-side pressure rather than market orders chasing price higher, suggesting that conviction had not fully shifted to the bulls. TAO still held its gains even with sellers active, pointing to demand building around current levels. If buyers continue absorbing supply, sentiment could firm further, though persistent seller dominance may slow the recovery if demand weakens.

On the daily chart, 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 price sharply higher and reclaiming ground toward the middle of the prior trading range. The breakout carried the price above the channel's upper boundary, strengthening the bullish setup for a broader recovery. The MACD showed early signs of stabilization after recovering from deeply negative territory, with the histogram flipping positive and the MACD line attempting a bullish crossover beneath the signal line. Should buyers maintain control above the breakout zone, TAO could challenge the $255 resistance area before targeting the $300 level.