Bittensor (TAO) is currently trading at $419.83, supported by a 24-hour trading volume of $160.77 million. Although it dipped slightly by 0.02% in the past hour, it has shown a 4.92% gain since yesterday. With a circulating supply of 8.83 million TAO and a maximum cap of 21 million, TAO is entering a key phase that could shape its near-term direction. Many investors are closely watching for signs to update their Bittensor price prediction.
TAO Forms a Rounded Top
Technical analysis reveals a rounded top pattern forming on the TAO chart. This formation typically signals a weakening uptrend and often leads to a consolidation or corrective phase. The recent pullback from local highs has been sharp, indicating reduced buying momentum. This aligns with the usual behavior of rounded tops, which feature lower highs and gradual fades in price.
Key Demand Zone Could Hold the Line
Analysts have identified a significant demand zone that aligns with the point of control (POC), where the highest trading volume occurred in the current range. This level is considered critical because:
- If TAO forms a higher low here, it could spark a move back to previous highs.
- A breakdown below this zone may lead to deeper losses.
Also Read: MXC Price Prediction 2025, 2026-2030
Possible Accumulation Ahead?
Traders are also watching for the development of a local range within the demand zone. If the price stabilizes and volume picks up, it could signal accumulation and attract long positions. Failed breakdowns at this level would increase the chance of a short-term rebound.
Social sentiment remains strong. Influencers predict TAO could lead the next AI coin rally, with price targets as high as $800. While short-term volatility remains, Bittensor’s unique model and active community keep it firmly on traders' radar.
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