Bittensor (TAO) is indicating early signs of recovery with key indicators showing a potential price bounce. The RSI shows it moving out of oversold territory, similar to a previous rally where the price increased by 60%. This serves as a promising sign for future price increases.

For TAO to confirm a bullish trend, it needs to break above 298 USD. Achieving this target may lead the price up to 351 USD. Conversely, if it fails to maintain a level above 265 USD, the price may decline to 229 USD, indicating a potential downturn.