Bittensor (TAO) has experienced a significant price surge of +21.35% in the last 24 hours, reaching a peak of $536.88 in 2025 amidst increasing volumes. The launch of the Safello Bittensor Staked TAO ETP has attracted fresh institutional interest, leading to a bullish trend in TAO’s price.
This surge comes as anticipation grows for Bittensor’s upcoming first halving, fueling speculation and positioning TAO for a potential rally.
TAO Price Analysis
The price of Bittensor has broken out of its recent range, surpassing the crucial $510 resistance level. Bulls have driven the price to $536.88, a level not seen since early 2025, indicating a shift in short-term sentiment. The 4-hour chart shows a strong uptrend:
- The RSI-14 is at 74.92, signaling overbought conditions, but the steep rise suggests that momentum is still strong and could continue if volumes remain high.
- The MACD indicator has shown a bullish crossover, with the line at 23.36 moving above the 18.93 signal line, reinforcing a positive market structure.
- Immediate technical targets are determined by Fibonacci extensions, with the next resistance level at $580.5.
Short-term volatility is expected as traders lock in profits around the $540 level, increasing the risk of sharp pullbacks if momentum weakens. However, if TAO can maintain above $510 on closing intervals, it may pave the way for another attempt at its all-time high around $767. In case of intensified profit-taking, corrections are likely at $478 and $433, which are recent support levels.
FAQs
The surge in TAO’s price is attributed to the launch of the Safello Bittensor Staked TAO ETP, which has attracted institutional inflows and increased daily trading volume by 59%.
Although the RSI indicates overbought conditions, the price momentum remains strong. Traders should remain vigilant as sudden pullbacks are possible.
If TAO continues to stay above $510, technical indicators point to $580.5 as the next resistance level, with a long-term target at the all-time high near $767 if bullish momentum persists.
