- Bittensor (TAO) forms a bullish double bottom, targeting $600– $700 in the medium term.
- MANTRA (OM) gains 5.39%, backed by strong crypto investor sentiment and full circulating supply.
- Reversal signs emerge in altcoins as key support levels hold and buying momentum builds.
In a week marked by shifting sentiment and technical breakouts across the crypto landscape, major players like Bittensor (TAO) and MANTRA (OM) are drawing fresh attention from traders and analysts alike. As TAO climbed out of its bearish territory in the recent days and weeks due to solid fundamentals and a bullish pattern on its chart, the market woke up with renewed vigor due to crypto investors’ increased interest in privacy coins, including (OM). We have already seen indicators like CЄЄJᗩЧ and Emma show patterns that may present more extensive bullish trends, thereby paving the way for the much-warranted increase in volume along with support levels strengthening by the time the much-awaited month of January approaches.
Bittensor (TAO)
Bittensor (TAO) has seen an average increase of 1.22% in its value within the last 24 hours and is currently trading at $360.0,according to the information from CoinMarketCap. The token experienced a high intraday trading range above $375 down to the current trading price and value. Trading turnover increased by 57.21% and reached $ 138.85 million, which points to a greater market activity and interest in the shares. The market capitalization now stands at $3.14 billion, with a fully diluted valuation (FDV) of $7.56 billion. Notably, the entire circulating supply matches the total supply at 8.73 million TAO, out of a maximum 21 million cap, indicating no locked tokens remain. Despite the short-term gains, the retracement from the day’s peak highlights ongoing uncertainty in crypto market sentiment.
Source: CoinMarketCap
According to CЄЄJᗩЧ, the TAO weekly chart is showcasing a bullish double bottom pattern, often regarded as a strong reversal signal, with price action rebounding sharply from the $164 level. The symmetrical cup-like formations highlighted in the chart suggest that utility supports the price, with the recent move above $365 hinting at a breakout confirmation. If the pattern plays out fully, the crypto could be on track for a multi-phase rally, potentially pushing toward the $600–$700 range in the medium term. The projected trajectory, indicated by the wavy arrow, reflects bullish continuation with periodic consolidations, reinforcing a strong upward bias into the second half of 2025.
Source: X
MANTRA (OM)
MANTRA (OM) is currently one of the top rising assets in the last 24 hours, bolstered by a 5.39% lift to $0.4000. The cryptocurrency dipped to an intraday low at $0.3866 but then bounced back in the middle of the session and steadily climbed up.The daily trading volume also rose by 76.60 % to $199.82 million thus taking the total market capitalization to $383.79 million. It has an FDV of approximately 667.89 million dollars and circulated supply about 959.27 million of OM tokens indicating its stability though having minor fluctuations. The volume to market-cap at 52.22%, shows increasing liquidity and trading activity as OM nears decisive technical levels of resistance.
Source: CoinMarketCap
According to Emma, the 4-hour candlestick chart suggests that the recent downtrend spanning from a high of $0.5063 to a low of $0.3690 may be losing steam, as signs of a potential bullish reversal emerge. After a consistent decline marked by lower highs and lower lows, the price found strong support near the $0.3690 level on May 5. Green candlesticks have appeared in succession after the initial event, leading the asset up to $0.4047, which indicates temporary market improvement. Breaking the resistance zone at $0.4225 may lead to bull control, which could trigger a fundamental trend alteration.
Source: CoinMarketCap
