A recent technical analysis by Altcoin Sherpa on Bittensor (TAO) revealed a short-term support level at $330, leading to a 17% surge within 24 hours and a significant 26.82% rise over a week to $434.53. Altcoin Sherpa, a reputable analyst on the X platform, highlighted the strategic significance of the $330 mark, which corresponds to the 0.618 Fibonacci retracement level and the 200-day Exponential Moving Average (EMA). Despite the current trend, Altcoin Sherpa advises potential investors to carefully consider entry points around the mid-$300 range. The trading volume for Bittensor (TAO) has shown consistency without any drastic fluctuations, indicating a lack of dominant buying or selling pressure in the market. Such moderate volume levels often suggest market uncertainty, signifying a probable forthcoming significant price shift.