Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

Bittensor Price Prediction: TAO Likely Headed to $400 Soon

bullish:

0

bearish:

0

Share

Highlights:

  • Bittensor price consolidating after two-day rally
  • Overall sentiment remains bullish despite range-bound trading
  • Rally through resistance could send TAO to $400 short-term

Bittensor (TAO) is one of the top 100 cryptocurrencies showing strength today. Over the last 24 hours, Bittensor has recorded gains of 7.99%, trading at $348.81. Alongside the price jump, Bittensor trading volumes have also risen sharply today. At the time of writing, Bittensor trading volumes were up by 127% to stand at $215.67 million. 

Such a surge in volumes, despite the price increase, points to rising investor optimism in Bittensor. With such a buildup in investor interest, the odds are high that the Bittensor price could be headed higher in the short to medium term. Several factors make a strong case for TAO’s future. 

Bittensor Price Set to Benefit From Marketwide Momentum

One of them is the rising bullish sentiment across the cryptocurrency market. Following the US government shutdown, which has continued to drag on, investors are opting for either safety in gold or alternative asset classes, such as cryptocurrencies. The cryptocurrency market has gained momentum over the last seven days. While momentum initially was in Bitcoin, altcoins are catching on too, as evident in TAO’s intraday price action. 

The broader cryptocurrency market is also supported by history. Historically, the cryptocurrency market tends to perform well in October and has come to be fondly referred to as “Uptober.” As a result, expectations surrounding the month have generated significant investor interest in this segment of the market.

TAO, being one of the top 100 cryptocurrencies, has benefited immensely from these expectations. If Bitcoin makes new highs and FOMO builds up around altcoins, TAO could be headed to new highs within the year.

Bittensor Positioned In the Fast-Growing AI Market

Aside from marketwide FOMO, Bittensor is backed by some of the best fundamentals in the cryptocurrency market. Bittensor is positioned at the center of the AI market, a market that is expected to become the stage for all business and daily life in the future.

Being one of the best-known AI cryptocurrencies, Bittensor is likely to continue attracting a significant portion of the capital flowing into AI cryptocurrencies. This is already evident in the fact that companies are starting to form Bittensor treasuries.

One such company is Synaptogenix, which has decided to build its cryptocurrency treasury around TAO. The company recently announced that it had committed an initial $10 million to TAO and plans to purchase a total of $100 million worth of TAO tokens. Such moves are likely to not only reduce the amount of TAO in circulation but also maintain high retail interest in TAO going into the future. 

Upcoming Bittensor Halving Could Sustain Upside Momentum

TAO also stands to benefit from the fact that it has significant news on the horizon. The biggest news surrounding TAO is the halving, which is scheduled for December 12, 2025. After the halving, TAO token emissions will decrease from 7,200 to 3,600. This is a significant development, as it could drive scarcity and, by extension, trigger a price rally. Besides the impact of the halving itself, expectations around it could trigger a price rally similar to the way the Bitcoin halving has driven FOMO-driven rallies in the past.

Technical Analysis – Bittensor Price Consolidating After 2-Day Rally

After a strong rally that began on October 5, TAO has entered a consolidation phase between the $ 352.80 resistance and $ 341.40 support. If bulls sustain the momentum built up in the last two days and breach the $352.8 resistance, then a rally to prices as high as $400 could follow.

TAO
Source: TradingView

On the other hand, if there is a correction, and the $341.4 support is lost, then a short-term correction to $332.4 could follow. Overall, a rally to $400 is likely due to a confluence of bullish factors around TAO and the broader market.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.