The analysis focuses on the Bittensor (TAOUSDT) chart, primarily on a 4-day timeframe, identifying a prolonged corrective phase spanning over a year, initiated around March 2024. This correction is structured as a triangle pattern, labeled as Wave IV. The proposed invalidation point for this bearish scenario is the April low, precisely at $168.83. A significant support area, identified through Fibonacci levels, lies between $211.84 and $286.29, where the asset's current price of approximately $283.71 resides. The analyst suggests that an E-wave within a triangle typically precedes an opposite-side breakout, indicating an anticipated bullish movement to commence the fifth wave. Should this upside breakout occur, initial target projections are set at $1,000, with potential extensions toward $1,400-$1,500. However, for a short-term bullish indication, the price must first breach the Fibonacci resistance zone spanning from $307.30 to $345.54. Until this resistance is overcome, price pressure remains downwards. The analyst acknowledges the inherent difficulty in establishing precise long-term price targets for altcoins in the current market cycle.