Bittensor (TAO) is currently testing a significant resistance level at $345, driven by increased whale activity in futures markets and strong spot demand. The spot Cumulative Volume Delta (CVD) indicates a dominance of buyers, suggesting potential for a breakout if TAO closes above this level. However, technical indicators point to overbought conditions and cooling momentum, which could lead to consolidation if the resistance is not breached. Institutional interest is evident as the average order size in futures markets has increased, further supporting the potential for upward movement. Despite the bullish signals, the market remains cautious as TAO approaches this critical resistance point.