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

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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.

Support and Accumulation Zones Define Market Structure

After a long downtrend, TAO has quickly recovered, and its prices have been volatile recently. In March 2025, the token’s value declined, and it dropped below $250. Then, it surged upward again to regain the $400 mark. Between $330 and $370, the technical analysis shows a support area labeled as the ideal accumulation zone. If the price drops further, a previously established double-bottom at $276.20 could act as a secondary support, signaling where bulls may re-enter the market.

The past week’s activity has produced a series of lower highs and lower lows. A brief push above $450 on May 27–28 formed a local double-top before sellers forced a move back below $410. Strong interest from traders is seen as the average daily volume increased by 36.26%, reaching $125.81 million, while TAO is near key support. Still, this decline suggests that market interest remains, with some investors possibly preparing for a further dip before buying.

Market Cap, Supply Metrics, and Future Scenarios

With a market capitalization of $3.5 billion, TAO is down by nearly 11.79% during the past seven days. Considering the potential future unlocking of tokens, the fully diluted valuation stands at $8.43 billion. The circulating and total supply is 8.72 million TAO, while the maximum supply is set at 21 million tokens. 

Source: CoinMarketCap

At press time, the short-term market outlook seems to be cautious. If TAO stays below $420, the price remains at risk of falling further, with the next key support level at $390. If bulls push the price above $450 on strong volume, the momentum could target $500 or higher, in line with analysts’ predictions for $700–$800. On the other hand, a failure to hold the $390–$400 zone may see further downside toward $370–$330. The period ahead could determine whether TAO continues to rise or enters a prolonged consolidation phase.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.


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