Bittensor (TAO) has surged sharply in recent sessions, climbing toward a major resistance level near $475 that could determine its next big move.
The token’s price action shows a strong recovery after bouncing from the $290 region earlier this month, posting an impressive rally that has captured traders’ attention across crypto markets.
On the 4-hour chart shared by analyst Ali, $475 marks a decisive barrier that has historically acted as a ceiling for TAO’s price. The last time Bittensor tested this level, sellers regained control, triggering corrections that lasted for weeks. However, the latest bullish momentum appears stronger, suggesting that a successful breakout could open the path toward the next target zone around $600.
Technical Indicators Signal Strength
TAO’s daily chart shows the asset holding near $443 at the time of writing, following a brief pullback from the $468 intraday high. Despite minor corrections, the broader trend remains upward, with the Relative Strength Index (RSI) hovering around 67 – still below the overbought threshold, indicating room for additional upside.
Meanwhile, the MACD continues to show positive momentum, with the blue signal line crossing above the orange trend line – a classic bullish setup that often precedes continuation rallies.
Bulls Eye $600 if Resistance Breaks
If Bittensor manages to close decisively above $475, analysts expect a potential run toward the $600 region, which would represent a new multi-month high. Conversely, rejection at this level could lead to a retest of the $365 support zone before the next directional move.
Market watchers are closely observing volume dynamics, as sustained buying activity could confirm the breakout scenario.
What’s Next for TAO
Bittensor’s strong rebound reflects renewed interest in decentralized AI-related projects, which have been among the most active narratives of the current market cycle. As traders weigh the potential for continuation, the $475 zone stands as the defining battleground for short-term sentiment.
For now, the focus remains on whether bulls can sustain the pressure long enough to turn resistance into support – a move that could set the stage for a powerful leg higher toward $600.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.