Have you recently been watching TAO price charts with investment considerations? If so, you have come to the right place. We will deeply analyze Bittensor Price action. TAO has been in a range, getting supported around the $323 price level and resisting at the $350 price level. Nevertheless, in the past few days, TAO has formed an upward price channel that hints at a possible TAO Breakout. As of the most recent check, TAO trades around $339. The MACD has generated several death crosses, while the RSI shows a near value of 57. Let’s get into Bittensor price analysis, look for possible patterns, and forecast the near-term price movement.
TAO Price Analysis of April 24, 2025
In the last 24 hours, Bittensor (TAO) trading commenced around the $336 mark. Initially, the TAO Price was stable within a narrow horizontal range between $320 support and $350 resistance levels. The MACD showed consecutive death crosses early at 05:20 and 13:35 UTC, confirming the downside on early bearish momentum. The RSI was hovering at 46 levels, signifying weak buying pressure. The sentiment immediately changed around 08:30 UTC. A golden cross was formed on the MACD, with the RSI improving steadily. This was indicative of an upward move.
Chart 1, analysed by Anushri Varshney, published on TradingView, April 24, 2025
The price of Bittensor began to trend up, entering a bullish channel just after 13:00 UTC. Momentum was built, and the TAO Price hit a local high around 17:00 UTC, briefly touching upon the overbought RSI zone above 70. However, the price action was stopped before testing the $350 resistance level. Then, following such, came a series of death crosses on the MACD, especially at 18:45 and 20:30 UTC, indicating bullish strength waning. A slight decline in Bittensor Price occurred, but the full retracement was not because it’s supported near the $333 level.
As of 06:37 UTC on the next day, TAO trades near $339.6, caught between resistance and support with mild bullish undertones. The recent golden cross may support a new TAO Breakout attempt, but the asset could continue consolidating unless volume and RSI break convincingly above 70.
Bittensor Price Prediction: What Is Next?
TAO currently fluctuates at $339.6, with slight resistance to price changes. From the April 24, 2023, report, TAO increased trading volume by 0.44% over the last 24 hours. The coin is well within an upward channel structure, facing strong resistance at $350 and ample support at $323. The MACD line shows multiple death cross signals, which can be classified as bearish, although intermittent golden cross signals are possible. The RSI sits at 57.32, and according to it, it would be incorrect to classify the coin as extremely overbought or oversold, although it is moving toward the overbought zone. Therefore, the price action of TAO suggests an outlook of caution, while the upward trend channel is being probed between the mixed signals on MACD and RSI. In case of a breakout from $350, one could expect an appreciation, while in case of a fall below $323, more depreciation might follow.
TAO Price Outlook: Bullish Breakout or Bearish Breakdown?
The future value of TAO seems promising, especially when the project continues riding the peaks of AI and Blockchain integration. The technical indicators show that TAO is consolidating between strong support at $323, with the current upward channel shapes suggesting a possible TAO Breakout. If the bullish momentum continues, while the TAO holds above all these key levels, analysts expect the price to target the $440-$770 range at approximately mid-term. The resistance is even higher at $1,000 if the market trend is more favorable. Price predictions for 2025 are significantly different, ranging from a conservative $330 to a bullish estimate of about $1,310, reflecting the coin’s high volatility and growth potential.
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