Bittensor (TAO) Price Could Soon Hit $470, it Has to do This First

Analyst data shows that Bittensor (TAO) shows strong upward momentum after pushing past a vital resistance zone at $260–$280.

In the last 24 hours, Bittensor price grew by more than 2.91%. It was trading at $310.18 at the time of writing.

According to technical analysts, the primary target would likely be $470 if TAO can hold support above this zone. This would return the asset to its early 2024 levels.

Bittensor is still recovering strength after a very long downtrend starting in January 2025. Market sentiment has since shifted to bullish.

As seen from the daily chart, the sustained move above the $276 resistance level has triggered bullish momentum across higher and lower timeframes.

According to the analyst, such a decisive resistance level is $276. However, despite several rejections in March and early April, TAO finally cleared the zone, creating a new support range and confirming it as such.

Bittensor TAO Price Holding $260–$280 Is Crucial

On the daily timeframe, this candlestick structure features a classic bullish breakout with a lot of volume. This is usually considered a sign of institutional participation or high conviction buying.

We also have the Relative Strength Index (RSI), a powerful momentum indicator. It is now approaching the overbought region.

This indicates that buyers are in the driver’s seat right now. Control has to be maintained, and the price must stay above the breakout zone.

A pullback to any support at $260–$280 would reinforce the bullish thesis that TAO can hit the target at $470.

In addition, the chart references this target with a horizontal resistance line near $472. If this current price action continues, the next part of the price action may seek to return to this region.

Bittensor Displays Strong Bullish Intraday Momentum

Since April 13th, Bittensor price has been basing in a sharply ascending channel, from $220 to highs of $340.

The Awesome Oscillator (AO) at the bottom of the chart is in strong positive territory (a line of green bars), reinforcing the idea that upward momentum is still.

The trend is bullish on shorter timeframes if the price is in or above these ascending channel boundaries.

Bittensor TAO’s market capitalisation stood at $2.73 billion as of press time, up 8.08% over the last 24 hours.

On the other hand, the trading volume stood at $286.66 Million as of the same period, representing a 89.34% increase over the previous day’s trading volume.

Bittensor has an FDV of $6.69 Billion. Due to this, it has a relatively low float compared to other large-cap assets.

This is a characteristic of market activity rising in connection with a major technical breakout.

It can translate to greater price volatility when market forces buy or sell in an aggressive manner. With its volume-to-market-cap ratio of 10.44%, it shows higher turnover. This feature always depicts stronger market engagement.

Generally, the long-term resistance level near $470 is a crucial point of reference as depicted in the daily chart.

Bittensor’s TAO is now close to reaching this level for the first time since it did so in January 2025.

However, it then suffered a sharp correction. In the past, this had been a supply area where sellers came in to make gains.

The potential retest of this supply zone after reclaiming and holding above $276 will likely depend on volume.

If now assumes that TAO can print higher highs and does not fall back within the previous consolidation range, technically, this case is opened for a move to $470.

That said, if $260–$280 is not hit, Bittensor price will invalidate this setup and suggest a range-bound or corrective behaviour resumption.

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