Bittensor (TAO) has rebounded from a crucial support level at $290.89, forming a falling wedge pattern on the daily chart. The cryptocurrency is currently trading at approximately $332.98, just below the 100-day moving average of $354.51, which has historically served as resistance. A breakout above the 100-day moving average could indicate renewed bullish momentum, potentially driving TAO towards $518. Conversely, failure to sustain its position above the current range might result in a retest of the lower support trendline.