Bittensor (TAO) Price Prediction: TAO Price Just Pumped 30% – Here’s The Real Reason

Bittensor has been one of the hottest stories in crypto this past week. TAO jumped more than 30% as decentralized AI grabbed the headlines again, and a big part of that buzz came from some pretty high-profile praise courtesy of tech heavyweights Jensen Huang and Chamath Palihapitiya.

Coinpedia Markets took a closer look at the technicals behind the move, and the chart is telling an interesting story. TAO has reclaimed a descending resistance trendline that had been capping it for a while, and it’s now sitting comfortably above key moving averages, both of which are encouraging signs for where the price could be headed next.

On-chain data confirms the shift

The Glassnode charts add another dimension to the analysis. The TAO market cap has climbed steadily from recent lows, reflecting the price recovery. 

The drawdown from all-time highs has eased from 80–90% to current levels, indicating that the worst of the selling pressure may be behind. This type of extreme drawdown often marks exhaustion of selling pressure. 

When an asset trades 75% or more below its all-time high, sellers who wanted to sell have largely sold. The remaining holders are those with conviction or those trapped at higher prices who refuse to capitulate. This can set the stage for significant rallies when sentiment turns.

TAO weekly chart shows the bigger picture

The weekly chart from Coinpedia reveals the scale of TAO’s recent strength. The price has been in a downtrend since the 2024 highs above $600, grinding lower through multiple support levels before bottoming near $140. The decline was brutal, erasing more than 75% of the token’s value at its deepest point.

But things are starting to shift. TAO has finally broken above the descending resistance trendline that had been putting a lid on every single rally attempt since the November highs. That’s a technically significant moment. This kind of breakout often signals that the downtrend is losing its grip and something new could be taking shape.

Right now, TAO is sitting around $299.60, up over 6% on the day alone. The 100-day SMA is way down at $223.60, well below where price is trading now, and TAO has climbed back above the 50, 100, and 200-day EMAs, which are all bunched together somewhere between $218 and $268. 

The TAO 4-hour chart reveals near-term structure

Looking at the 4-hour chart, the TAO price currently trades at $300.20, holding above recent breakout levels. The chart shows a clear break of structure (BOS) that occurred during the rally, with price pushing through resistance levels that had held for weeks.

The Fibonacci levels on this timeframe give a pretty clear roadmap of what to watch. Right now, TAO is pushing up against resistance in the $295 to $305 zone. If it can get a clean break above $305.30, the door opens to test $341. That’s the 0.5 retracement level and the next major target that Coinpedia has its eye on.

4-hour TAO price chart analysis

On the downside, the first support to know about is at $241.50, followed by $213.20, and then stronger support further down at $159.70. As long as TAO holds above these levels, the bullish structure stays intact.

One more thing worth noting: the RSI is sitting at 65.30 right now, which is a sweet spot. Momentum is clearly building, but it hasn’t tipped into overbought territory yet. That means there’s still room to run if buyers keep showing up.

TAO daily chart shows the larger structure

The daily chart provides additional context. The TAO price sits at $300.10, up 6.27% on the session. The Fibonacci levels on this chart show the path higher. 

If the rally keeps going, the levels to keep on your radar further up the chart are $332.80, $389.20, $495.90, and eventually $558.30. Each one of those is a potential milestone, and a potential speed bump, on the way up.

Daily TAO price chart analysis

The one thing worth keeping in mind though is the RSI sitting at 79.48 on the daily. That’s well into overbought territory, which tells you momentum has come a long way in a short amount of time. It doesn’t mean the rally is over, but it does indicate the price might need to slow down, catch its breath, or consolidate a little before it has enough energy for the next push higher.

Volume on the daily shows 235,170 TAO changing hands, a significant increase from the consolidation period. When volume returns to a dormant asset, it often precedes directional movement.

What comes next for TAO

The TAO price sits at a critical juncture. The big picture here is actually pretty encouraging. The trendline breakout and the reclaim of key moving averages are both bullish signs, and the fresh capital flowing in backs that up.

The one catch is that the daily RSI at 79.48 is flashing an overbought warning, suggesting the price may need to consolidate a bit before it’s ready for the next leg up.

If TAO can hold above $289 and start building momentum toward $305, then the $341 target becomes very realistic. And if it actually breaks above $341, that would be a strong confirmation that the downtrend is truly over, with $389 likely becoming the next destination.

CoinCodex’s 1-month TAO price prediction places the token at $208.67, pointing to a pullback from current levels near $300 as overbought conditions cool. This indicates a consolidation phase may be needed before the next leg higher, aligning with the technical view that a pause near resistance could precede a move toward $341 and beyond.