Bittensor’s TAO Token Consolidates Below $373
The current technical analysis of Bittensor’s price shows a strategic consolidation between $336 (support) and $373 (resistance). The fixed volume profile reveals a PoC at $357, revisited multiple times, indicating sustained activity at this level.
Several technical indicators confirm the bullish scenario discussed by several crypto analysts :
- OBV (On-Balance Volume) : an upward slope indicates a discreet inflow of capital.
- Moving Averages (20/50 periods) : a bullish crossover has been detected, marking a recovery of positive momentum.
- Fibonacci 61.8% : the $373 threshold coincides with this strategic level, reinforcing its importance as a barrier to overcome.
According to crypto experts’ projections, a clear break above $373-375 would pave the way towards an intermediate target of $480.
Watch Out for Short Squeeze: Critical Zone at $380-390
Coinglass data reveals an accumulation of seller liquidation levels between $380 and $390. A bullish breakthrough in this zone could trigger a short squeeze, propelling the TAO price to new highs before a potential correction towards liquidity zones below $330.
In essence, crypto experts are considering three main scenarios for Bittensor :
- Extended consolidation within the range of $336-373
- Bullish breakout above $373, potentially leading to $480, or even $500
- Technical pullback below $336, with support levels around $318-330
Some long-term forecasts even envision a target of $1,200 by the end of 2025, provided that the current momentum intensifies.
Growing Enthusiasm for Bittensor’s AI Project
Market interest in Bittensor goes beyond graphic analysis. This includes the overall sentiment, which is predominantly bullish. Evidence : the Fear and Greed index is positioned in the “Greed” zone.
Recent data shows that 23 indicators are bullish compared to only 7 bearish, highlighting a strong potential for appreciation.
TAO also benefits from a unique position in the crypto ecosystem. By rewarding developers who share their AI models through its decentralized protocol, Bittensor not only attracts talent but also fosters natural adoption of its token.
Where to Buy Bittensor (TAO) ?
The TAO token is available on several crypto exchanges, including Bitget.
Here are the steps to buy TAO on Bitget :
- Create an account on Bitget by registering with an email address and completing KYC verification.
- Deposit funds via credit card, bank transfer, or crypto transfer.
- Look for the TAO/USDT pair in the Spot or Futures section based on your strategy.
- Place a purchase order according to your goals (market price or limit order).
- Safeguard your tokens by keeping them on Bitget or transferring them to an external wallet.
Bittensor emerges today as a project with high potential in the crypto ecosystem. The upcoming weeks are crucial to confirm (or not!) TAO’s return to a strongly bullish trend.
