The daily movement of TAO Price maintained a confined range through which it moved from $340 support until reaching the $365 resistance level. Bittensor Price showed various attempts to break out, but each failed as momentum continuously reversed direction. The MACD displayed numerous golden and death crosses, demonstrating market indecisiveness about TAO Coin. The RSI indicator showed unpredictable movements traced between the overbought and oversold areas due to spontaneous shifts in market buying and selling activity. The TAO maintained a prolonged consolidation state while showing brief temporary movement. Current forces between buyers and sellers maintain an equal state of balance. This section analyzes Bittensor’s price reaction to the recent market event by studying the TAO ecosystem.
TAO Price Analysis for April 28, 2025
TAO Coin initially traded at $362.6 on the previous day. The price of Bittensor kept a steady movement between specific definitions that faced upward resistance at around $365 and downward support at $340. At 03:00 UTC, the MACD displayed its first early sign of momentum uncertainty, which later transformed into an indicator of bullish potential. Temporary support allowed the TAO Price to rise, following the second golden cross at 11:30 UTC. The Bittensor price moved to the mid after a death cross developed a second time at 14:30 UTC.
Chart 1, TAO/USDT M5 Chart, Analysed By Anushri Varshney, Published on TradingView, April 28, 2025
Several RSI overbought signals at 06:00 UTC and 12:30 UTC periods reflected brief periods of exhaustion in upward price movement. The appearance of a subsequent golden cross at 20:30 UTC offered TAO brief stability before selling pressure intensified because of a large MACD death cross. Bittensor price reached its lowest point near support at 02:30 UTC when the RSI displayed changed to oversold levels. The indicator served as the first indication of an upcoming market turnaround.
The TAO price received a rapid boost from the powerful golden crossover at 03:30 UTC. The price rose after a brief death cross at 05:00 UTC because bullish momentum carried it toward reaching the $365 resistance zone. The RSI moved into the overbought region as investors came into action. Bittensor demonstrated a defined price movement between support and resistance levels through well-defined golden and death cross patterns combined with key RSI levels that tracked buyer and seller activities from beginning to end.
What’s Next For TAO?
TAO exhibits intense volatility in today’s trading, with TAO Coin ranging between a support zone at $340 and a resistance at $365. Presently, the price is testing upper resistance, signaling significant bullish momentum. Several golden crosses on the MACD indicate possible upward movement, while sporadic death crosses send warning signals to short-term traders. RSI points out two overbought scenarios, which may indicate prices to pull back. Additionally, a recent oversold situation attracted buying interest. The TAO Price is powerful, and traders have Bittensor Price alerts on for any breakout and reversal signals within this active range.
TAO Coin Holds Range, Eyes Breakout:
The current price action of TAO is taking place between the bulls and the bears. The TAO coin has remained besieged between the $340 support and $365 resistance levels. Many golden and death crossovers appeared on the MACD along with the RSI’s overbought and oversold signals to provide good entry and exit opportunities. However, the price of Bittensor breaks resistance, and Bittensor is expected to embark upon a powerful bullish rally to breach all its former highs. However, moving below support would encourage bears to a trend reversal.
TAO Price Analysis of April 30th, 2025
The TAO price action began yesterday with a sudden bullish impulse, triggering a breakout near 04:10 UTC. The breakout action increased the price from $362.80 to its peak at $371.20 during the first minutes. The price experienced a temporary increase, which did not exceed the overbought threshold. At 05:30 UTC, a bullish trend activation appeared through the golden cross confirmation on MACD. The bullish momentum failed to continue after the breakout, so the rally rapidly weakened. The price entered a $368.00 consolidation zone through seller activity near the $374.00 resistance at 07:40 UTC.
Chart 2, TAO/USDT M5 Chart, Analysed By Anushri Varshney, Published on TradingView, April 30, 2025
From 08:00 UTC to 12:00 UTC, TAO price maintained stable operations within the range of $366.00 to $370.00. The RSI stood steady in a neutral zone as various golden crosses developed on the MACD chart. The market failed to break through this tight price range even when volume increased occasionally. During the next part of the morning session, the price fell under increasing bearish influence, creating a series of declining peaks. The price turn emerged when a MACD death cross happened at 12:25 UTC, with the price falling below $371.00.
Persistent Downtrend Confirms TAO Structure
The price volatility spiked from 13:15 UTC to 21:00 UTC as the Bittensor price started moving inside a descending pattern. Sellers pushed the market value to $360.80 at 20:00 UTC. The Relative Strength Index entered oversold conditions several times, especially at 20:55 UTC and 21:15 UTC. The MACD indicator and death crosses remained consistently bearish, confirming the dominant negative momentum since the chart’s start. During this period, the market displayed brief price gains that never surpassed the $364.50 mark. The bearish structure became solid because the period indicated a continuous trend of declining highs and lows.
TAO maintained its position around the $358.00 support during the 3 hours starting at 21:00 UTC until 00:00 UTC. The oversold condition of RSI triggered a limited market uptick. A positive golden cross appeared on the MACD shortly before 22:30 UTC, although it failed to generate a substantial price increase.
TAO Price Outlook – What’s Next for Bittensor?
In the early hours of April 30, the TAO price hovered near the support zone of $357.50 and had a flat RSI between 36 and 48, which meant very weak momentum. MACD gave mixed signals, with short-lived golden crosses turning into death crosses, indicating indecision in the market. A minor bullish reaction around 04:20 UTC lifted the price to $362.30 but could not break above the descending trendline; sellers retook control and drove the price downward toward the lower support zone.
TAO Price Recovery in Doubt
Though Bittensor price has managed to avoid a drop below $359.0, the lack of a convincing rebound makes the outlook a little cautious. The TAO breakout above $370 failed as sellers quickly reversed gains, confirming a shift into a bearish channel. Buyers have come in at some critical support levels, while others offer strong overhead resistance near $364.80. A strong push above this level, with confirmation through a bullish MACD and RSI breach above 60, could leave the door open for a retest of $368.00. Declines below this support could make the next necessary support near $352.70, where further declines may elicit some sharp selling.
Bittensor (TAO) Price Analysis For May 2, 2025
The TAO Price began its session with steady growth, which formed an upward channel from 03:00 UTC until 09:00 UTC. Bullish momentum emerged after TAO rebounded from $351 support, triggered by an RSI bounce from oversold levels and a MACD golden cross at 05:25 UTC. The price reached the resistance area near $375 at 09:10 UTC during the rally that lasted until that time. The Bittensor price encountered prospective selling strength since the Relative Strength Index reached overbought levels during this period.
The upward trend reversed at 10:05 UTC because of a MACD death cross activating downward channel movement. The currency entered a descending downtrend pattern because sellers took control while the RSI moved back into bearish conditions from overbought territory. The price dropped rapidly during this period until it reached the $351 level at 13:25 UTC. At this time, both the RSI short-term indicators touched oversold levels while the MACD displayed multiple signals of death crosses indicating bearish market trends.
TAO Price Steady, Needs Break Above $360 for Upside Push
TAO Price stayed contained by the $352-$358 boundary from 14:00 UTC to 18:00 UTC. The recovery of the RSI signals buying pressure while a MACD golden cross formation emerged at 16:45 UTC. The Bittensor price stayed under short-term pressure because it did not surpass the downward channel’s upper boundary.
Chart 3- TAO/USDT M5 Chart, Analysed By Anushri Varshney, Published on TradingView, May 2, 2025
TAO Coin failed to surpass $360 at 19:15 UTC, but the price quickly returned below its starting level. The market price of TAO has been holding a position around $357.4 as it maintains a brief spot above support levels. The technical indicators provide conflicting signals because the MACD stands still while the RSI is near the center. A bullish force will push prices above $360 to trigger a potential $375 resistance test, but failure at this level may lead to descending prices through $352.
Bittensor Shows Cautious Movement Near Critical Zones
TAO Coin began the day with steady growth, forming an ascending price channel between 03:00 and 09:00 UTC. A death cross appeared, which caused the Bittensor Price to reverse its overbought trend that started at 09:00 UTC. During noon, the TAO Coin price descended into a downward channel structure, which moved toward the $351 support level. Golden and death crosses appeared several times throughout the price action from 15:00 to 21:00 UTC, which indicated the market would experience drastic price movements. The TAO maintains stability at $357.4 at 07:25 UTC under conflicting technical indicators that suggest upcoming price volatility could be neutral.
TAO Price Rally Falters as Bears Defend Resistance
TAO had a clear path through different channels during the day, with an upward channel, while the termination point was around $352 support and at $375 resistance. Now, the Bittensor price is holding steady around $357, which seems indecisive for any trader. On the other hand, multiple MACD golden and death crosses happened throughout the day. The RSI has been oscillating between overbought and oversold areas, which is an indication of short-term swings. For the TAO Coin, there is a waiting market for robust drives that should propel breakouts from current patterns.
Traders might witness a bullish run once the price closes above the resistance. The contrary could open up doors for further declines triggered on the break below the given support level. All in all, the TAO price now enters a zone where traders must take special care when watching these levels, as the next move will likely set the tone for the near-term trend in Bittensor Price.
Bittensor (TAO) Price Analysis For May 6, 2025
In the last 24 hours, TAO has showcased solid price action and has gained bullish momentum. The TAO Price action has been mainly trend-based, with the coin moving consistently in the trading zone. The trading session begins with the TAO price being at $346. A golden crossover formed in the early hours of the session at 02:10 UTC that pushed the price with a bullish momentum to $360. The RSI responded quickly, going into the overbought region and validating a bearish reversal at 03:00 UTC. TAO soon began moving in an ascending momentum with minimal fluctuations in the flow. A major turn appears when RSI shows an oversold signal, causing the prices to fall. But, this action got retraced as a golden crossover appeared at 05:45 UTC.
Chart 4- TAO/USDT M5 Chart, Analysed By Anushri Varshney, Published on TradingView, May 6, 2025
Bittensor soon hit the resistance level at $379 but failed to break the level. A sudden fall was observed right after the hit, as MACD indicates a death crossover at 06:25 UTC. This caused the prices to fluctuate again. The RSI momentarily showed overbought signals, indicating a bearish TAO breakout was on the cards. At 22:40 UTC, another resistance hit was observed, but again failed to breach the resistance level. The following fluctuations pulled the prices down to $370 by 23:25 UTC. The overbought RSI warranted a bearish trend, but a trading range followed instead as the bears persisted. The TAO breakout of the range seemed to be a bearish move, as the prices kept on fluctuating. However, it turned out to be a fakeout, as both bullish and bearish forces were in action. The prices fall to $374 by the end of the day.
TAO Coin Tests $379 Resistance – Will It Surpass?
Yesterday, the prices fell to $374. However, the trading session of today gave new hope to the buyers as the prices began to move upward again. The first resistance hit of the day was recorded at 05:00 UTC. However, with the RSI consistently working near the 70 level, a minor pullback to $379 was followed. The upward trend continued with a golden cross at 07:05 UTC, leading the price up to $372.
Around this point, the Bittensor prices seemed to be in a consolidation phase. But the death cross at 09:00 UTC finally lowered the price. The RSI also returned close to the midline for $366 at 09:55 UTC. Some fluctuations have followed, but TAO has never regained till now. However, the $379 resistance level has again rejected TAO’s advance movement for retracement.
TAO Price Stalls Amid Market Uncertainty
TAO price action represents a divided sentiment across the market. Given a confident start, buyers moved prices up strongly, but sellers acted swiftly as well, shutting down these bullish attempts near key resistance zones. With an element of hesitation coming with every bullish attempt, repeated failures in breaking resistance levels show that traders still prefer to remain cautious. This intense price action with a sharp recovery followed by a swift pullback indicates that uncertainty is still there. Until a clear trend takes center stage, two sides will still be waiting for a concrete signal before daring to make bold moves.
TAO Struggles at Resistance- What’s Next?
The TAO price showed an ongoing battle between bullish and bearish market influences. The coin demanded a strong start as golden crossover patterns indicated bullish dominance. The price rises encountered continuous opposition as the RSI checked overbought zones frequently before and after each upward movement. The TAO cryptocurrency faced a possible turning point upswing that couldn’t sustain beyond essential resistance points.
The price fell back into its trading range due to the death cross in combination with RSI readings that exhibited overbought conditions during the late session. Despite experiencing dips, TAO exhibited recovery, which halted the downward trend from becoming completely bearish. TAO faces an ongoing tug-of-war between bullish supporters and bearish opposition that will shape its future movements in the following hours.
Bittensor (TAO) Price Analysis of May 8, 2025
TAO opened yesterday with a bearish tone, slipping from the $387 zone after midnight. Before 03:00 UTC, the price moved steadily lower inside a defined downward channel, forming a consistent pattern. A MACD death cross at 01:45 UTC confirmed the weakness, and RSI marked a brief overbought signal before the decline progressed. From 03:00 to 08:00 UTC, selling pressure became aggressive. TAO price dropped from $387 to $360, with no significant bounce. A second death cross hit MACD around 05:15 UTC, while RSI plunged into oversold territory around 06:30 UTC. This set the stage for a possible reversal as the price moved towards the support level at $353, which held firm through previous sessions.
Chart 5- TAO/USDT M5 Chart, Analysed By Anushri Varshney, Published on TradingView, May 8, 2025
The signs of recovery first appeared around 09:00 UTC as the price touched the bottom of the trading channel and moved near $357. A golden cross followed on MACD by 09:45 UTC, shifting momentum. RSI confirmed with a climb back above 30. From 10:00 to 13:00 UTC, Bittensor prices held above support and formed a higher lows pattern. This steady shift helped shape the beginning of a new upward channel. The move strengthened between 13:00 and 18:00 UTC as the price pushed from $362 to $377, staying within the upward structure.
Multiple overbought signals flashed on RSI, first at 15:20 UTC and again near 17:45 UTC, but dips were shallow. At 23:25 UTC, the pair broke out of the upward channel and cleared the major resistance level at $390. After 10 minutes, a strong candlestick carried the price above $395, signaling bulls had reversed the trend. Bittensor prices closed the day strong, holding around $398–$400 heading towards the next day.
TAO Breakout Holds Above $400 as Bulls Defend Gains
The TAO price continued its bullish momentum on May 8, consolidating above the $400 mark after yesterday’s TAO breakout. Early gains pushed Bittensor price to a $410 high by 02:30 UTC before a slight rejection. Despite brief consolidation, the structure remained intact, with buyers defending the $395–$398 zone. RSI cooled from overbought levels while MACD stayed flat, signaling balanced momentum. No significant breakdown occurred as the price ranged tightly throughout the day. With $390 now firm support, the TAO price holds bullish potential heading into May 9, especially if bulls reclaim the $410 resistance on renewed volume.
TAO Price Maintains Structure After Breakout as Bulls Hold Control
TAO price action today confirmed the bullish reversal initiated late yesterday. The strong move above $390 was sustained throughout today’s session, with the price consolidating above $400 for most of the day. Both RSI and MACD indicate balanced momentum, suggesting the market is stabilizing after the TAO breakout. The $390–$395 zone has now established itself as a firm support region. If this area continues to hold, the next resistance target sits at $415, with $410 being the immediate hurdle. A breakout above $410 on strong volume would likely extend the bullish leg. On the downside, any loss of $390 support could invalidate the breakout and lead to a short-term retracement. For now, however, bulls have the edge as long as price action stays within the current consolidation range. Traders should monitor volume and RSI closely as signs of the next move develop.
About The Author
