Bittensor (TAO) Price Forecast for 2025–2029: Is a $650 Milestone on the Horizon?
Bittensor Price Surge: Bittensor (TAO) has experienced a significant price increase, recently reaching $528, driven by the launch of Europe’s first staked TAO ETP and anticipation for an upcoming halving event in December.
Market Momentum and Technical Indicators: The token has gained over 20% in the past week, with immediate resistance at $540 and support around $480. Technical indicators suggest potential price volatility, with the Relative Strength Index indicating strong momentum.
Halving Event Impact: The halving event, expected in December, will reduce mining rewards, potentially increasing scarcity and demand for TAO. This has led to positive market sentiment and a decline in exchange reserves, indicating confidence among long-term investors.
Future Price Predictions: Analysts predict that if TAO maintains its momentum, it could reach $650 by 2025, with further growth expected in subsequent years as Bittensor solidifies its position in the AI infrastructure market.
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Technical Analysis for TAO
Technical Sentiment Analysis for Bittensor (TAO) As of , Bittensor (TAO) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TAO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TAO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bittensor (TAO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 66 | 104.4 | 141.9 | 180.3 | 217.8 | 256.2 | 293.7 |
| Fibonacci | 104.4 | 133.394 | 151.306 | 180.3 | 209.294 | 227.206 | 256.2 |
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