- Bittensor ($TAO) breaks key resistance, signaling a powerful bullish trend reversal
- TAO targets $472 and $777 as technical indicators confirm a sustained uptrend
- Analysts forecast $400–$450 for May, driven by rising AI hype and strong momentum
Bittensor ($TAO) is rapidly emerging as a standout in the crypto market, following a significant price surge and strong bullish indicators. After enduring months of downtrend pressure, the digital asset has broken through a critical resistance zone, suggesting a potential shift in trend.
As of press time trading at $336.92, TAO has seen an 8.71% increase in the last 24 hours and an impressive 42.75% gain over the past week. With a circulating supply of 8.6 million tokens and a market cap of nearly $2.93 billion, investor sentiment is heating up. Analysts now eye higher targets, as key technical signals point to a larger breakout in progress.
Clear Breakout Confirms Momentum Shift
According to analyst Michaël van de Poppe, TAO’s breakout above the $260–$280 zone has flipped this key level into strong support. This move marks a significant trend reversal, reinforced by rising volume and bullish market structure.
As long as TAO holds above $276, bulls remain firmly in control. The current price action indicates the start of an impulsive leg upward, supported by a surge in buying interest. The Relative Strength Index (RSI) shows a sharp push into overbought territory, typically a sign of continued upward momentum.
$TAO looks strong.
— Michaël van de Poppe (@CryptoMichNL) April 22, 2025
As long as it stays above that crucial resistance at $260-280, this is on the roll towards $460-500. pic.twitter.com/oxeawEvXAt
Van de Poppe highlights the next target near $472, where a previous consolidation range provides technical confluence. A move beyond this could see TAO stretch toward $500, aligning with the bullish sentiment growing across the crypto sector.
All Eyes on Trendline Breakout and $777 Target
Captain Faibik adds that $TAO is testing a descending trendline that capped prices since late 2024. A confirmed breakout above this resistance, now near $340, would officially end the long-term downtrend.
TAO recently surged past $330, testing the upper boundary of its former downward channel. If the daily close remains above the trendline, a strong rally may follow.
$TAO looks strong.
— Michaël van de Poppe (@CryptoMichNL) April 22, 2025
As long as it stays above that crucial resistance at $260-280, this is on the roll towards $460-500. pic.twitter.com/oxeawEvXAt
Faibik sees the midterm target at $777, marking a 140% potential upside from current levels. This target aligns with historical consolidation zones, providing additional support for the projection. However, if TAO fails to confirm the breakout, a retest of $270–$290 remains a possibility.
TedPillows agrees with this outlook, noting that the AI narrative surrounding Bittensor is gaining momentum.
He expects TAO to trade between $400 and $450 by May, citing renewed investor interest and increased trading volume.
