TD Sequential flashed a TAO sell signal after a 160% rally from $144 to $375. Is it time to book profits on Bittensor?
Bittensor’s $TAO token has had a remarkable run. The AI-focused crypto asset surged roughly 160% over recent weeks. That kind of move does not go unnoticed on the charts.
Now a warning light is flashing.
The Signal That Called the Bottom Is Calling the Top
According to crypto analyst @alicharts on X, the TD Sequential indicator first flagged a buy signal on February 9. That call came right before a move from $144 to $375. A 160.56% gain in the making.
The same indicator is now printing a sell signal. Per alicharts, the setup suggests traders should start booking profits at current levels. The TD Sequential is a timing tool. It does not predict direction forever. It counts price exhaustion.
And right now, $TAO appears exhausted.
From $144 to $375, What Changed
The rally was not random. Bittensor’s decentralized AI infrastructure narrative pulled heavy attention. Social data across platforms showed a surge in mentions. The token climbed fast and broke multiple resistance levels along the way.
Still, 160% moves attract one thing above all. Sellers.
alicharts flagged this directly on X, noting the buy-to-sell signal rotation. The move from $144 to $375 played out almost precisely as the earlier buy signal anticipated. That accuracy adds weight to what the seller reading now implies.
TD Sequential and What It Actually Measures
The TD Sequential counts 9 consecutive candles closing higher than four candles prior. When that count completes, it flags a potential reversal zone. It does not guarantee a drop. It marks a moment where the trend may pause or turn.
For $TAO, that count has now completed on the upside. The indicator is doing what it does. Telling traders the move may be running out of road.
Those tracking Bittensor’s long-term case for $1,000 may still hold conviction. But short-term momentum reads differently right now.
What Traders Are Watching Now
The $375 area has now acted as resistance more than once. A clean break and hold above that level would shift the argument back toward bulls. Failure to reclaim it keeps the sell signal relevant.
Volume on the way up was strong. Whether buyers return at lower prices determines the next leg. TAO’s ATH sits at $767.68. The distance between current price and that peak is still significant.
Short-term, the TD Sequential is the headline. Medium-term, the structure still holds room.
Disclaimer: This article is based purely on technical analysis and publicly available chart data. It does not constitute financial advice or investment guidance. Always conduct your own research before making any trading decisions.
Source: https://www.livebitcoinnews.com/bittensor-tao-td-sequential-sell-signal-flashes-after-160-rally/