- Bittensor’s TAO rallies toward $500 as traders pile in ahead of its first halving and network growth accelerates fast.
- Strong buying near $460 and surging volumes show traders betting big on TAO’s continued breakout above key resistance.
- TAO’s halving and new partnerships fuel long-term optimism as the token breaks free from its year-long downtrend zone.
In anticipation of a breakout ahead of its first halving event in forty days, traders are paying close attention to Bittensor’s native token, TAO. With strong trading volume and increased investor confidence, the cryptocurrency has risen dramatically from lows of about $360 to about $477. With technical momentum and increasing network activity bolstering the bullish argument, analysts now identify $500 as the next important goal.
TAO Approaches Resistance as Buyers Return
According to CryptoBoss, “That red resistance line at ~$470? It’s crumbling like a bad AI hallucination. $TAO is eyeing $500 next week.” The comment reflects growing optimism among traders as Bittensor’s decentralized AI network gains traction through subnet launches and new partnerships.
The TAO/USDT chart on Binance shows a powerful rebound from the $390 range. Price action broke above multiple resistance zones before testing the $480 level, which currently acts as a ceiling. A green horizontal support at $460 highlights where buyers previously entered aggressively. Moreover, strong trading volumes across rallies and corrections indicate deep market participation.
In the past, there was significant selling pressure on the asset between $400 and $440. But fresh buying power brought it close to resistance once more, indicating that traders are placing bets on more gains. At roughly $477.5–$477.6, the bid-ask gap is still narrow, indicating significant market activity and liquidity close to current prices.
Long-Term Trend Points to Major Upside
Meanwhile, technical analyst ＤＲＥＡＤ ＢＯＮＧＯ emphasized TAO’s long-term potential. “Broken out of year-long downtrend… first ever halving in 40 days… the great repricing is underway,” he wrote. His weekly chart from MEXC shows TAO up 20% in recent sessions, nearing the upper resistance near $500.
Historical data reveals that TAO previously consolidated between $200 and $700 throughout 2024. It recently rebounded from $185 earlier this year, confirming strong demand at lower levels. Additionally, ecosystem upgrades, subnet integrations, and new partnerships continue to fuel optimism.
