The price of TAO has decreased beyond a crucial resistance zone of $260 to $280, indicating a substantial change in the current continuing TAO trend. Currently trading above $310, Bittensor TAO has recovered quite a lot after suffering continuously for most of January 2025. Increased trading volumes and the bullish candlestick structures on the daily timeframe accompanying this breakout confirm institutional buying or high-conviction accumulation.
Technical analysts consider this move a genuine turnaround message with a price-target projection of $470, which was last tested in early 2024 as resistance. As Bittensor TAO moves sharply along an ascending channel, the following broad phase of moves by TAO prices is likely upside down if the general market doesn’t keep positive and the support levels hold.
Bittensor TAO Price Analysis: April 22, 2025
TAO prices opened bullishly on April 22 early in the session, followed by strong momentum. Bittensor TAO surged fast from around $310 to a local high of nearly $330, owing to this very fast speed. The movement strengthened the already ongoing positive TAO trend, which has remained steady since breaking the resistance level at $341. This breakout reconfirmed bullish momentum with previous news about institutional interest and a sentiment shift.
Chart 1, analysed by Anushri Varshney, published on TradingView, April 22, 2025
The price made a new intraday high after which the price consolidated between the support established at $302 and the resistance zone defined at $341. During this period, several critical technical metrics were indicative of the trend. The MACD had several golden crosses: at around 06:00 and then around 21:30 UTC; both of which signal new bullish efforts. Currently, TAO trades at approximately $324.8. A price action showing tightness at supporting values through $300 and strength at the upper edge will likely mean $340-$350. Sustained breakouts above this could make a possible retest for $470, major resistance from early 2024.
A Closer Look at TAO Price Action Today
On April 22, the price broke through a short-term bullish TAO breakout and quickly hit the $340 ceiling. However, the momentum didn’t last very long, and there was a slight retracement afterward as TAO moved into the $310-$315 zone. At this point, the RSI has already shown signs of being oversold, which in turn has started changing the direction of the momentum.
The rally surged considerably into the $324-$326 range. Buyers defend the support zone at approximately $300 but have been thwarted by prompt corrections after the asset tries to rise. Currently, TAO is still in a consolidation status and has a trading value of around $324.8. This downward pressure could lead to a retest of about $300-$310 support shortly.
What Lies Ahead for Bittensor TAO?
Predictions for the price of TAO are still dynamic and fluctuating in the future because Bittensor TAO continues to receive lucrative attention from the market and technical scrutiny as it evolves. The 2025 estimates, with and without, have a wider level; the conservative estimates are between $270 and $406. First, the technical setup remains favorable since it broke through key resistance and now aims at $470, which will help establish the sustained TAO trend. Bittensor TAO may enter the race as one of the front assets, so it would be sensible for traders to stay in touch with the support and resistance developments in the coming days.
About The Author
