Bittensor (TAO) Holds $400 Support Amid Pullback, Analysts Target $800 Rally

2d ago•

bullish:

bearish:

TAO Holds $400 Support: Can Bulls Break Through $470 Barrier?

Bittensor’s price fell from a peak of $450 on May 24, declining 11.79% over the last week.
If the price stays below the $420 level, it could risk falling to the support range of $390.
Analyst Michaël van de Poppe expects TAO to reach $700–$800 if it breaks above $472.

Bittensor’s native token, TAO, is attracting market attention as it attempts to move past the major resistance zone. At the time of writing, TAO is trading at $401.68 after the price dropped by 11.79% over the past week. Following its recent peak of $449.68 on May 24, the token has become much more volatile with bulls and bears struggling for dominance around the $400 level.

According to TradingView data from May 30, 2025, TAO is currently consolidating above $400 after being unable to continue pushing past the $450 resistance. Between $450 and $472.30 lies the critical resistance region, acting as a barrier since early 2025.

Analyst Michaël van de Poppe points out that this area acts as the “final resistance,” and a breakout could lead to a surge upward. He sees prices below $400 as an attractive entry, considering TAO as a unique performer in his portfolio.