- TAO breaks out of falling wedge, signaling bullish momentum with $500 in sight
- Rising interest in decentralized AI drives TAO’s narrative and institutional demand
- Liquidation heatmaps show key resistance near $460, setting stage for short squeeze
As the digital asset space accelerates into June 2025, Bittensor (TAO) emerges as a standout. Its price momentum, technical indicators, and broader narrative are aligning to signal a bullish trajectory. With rising interest in decentralized artificial intelligence and the expanding influence of Web3, TAO is at the heart of innovation.
Following Google’s 2025 I/O showcase that spotlighted the next generation of AI capabilities, attention has shifted to projects building AI infrastructure outside centralized systems. Bittensor, through its protocol and token $TAO, is gaining traction as a key player in this space.
Crypto analyst Crypto Winkle reinforces this outlook, noting that TAO remains undervalued under the $700 mark. This sentiment stems from TAO’s ability to maintain key price levels while showing signs of bullish continuation.
The token recently bounced from a strong support base around $163 and climbed above $462. Traders now watch the $500 threshold closely. A breakout above this level may push the asset toward $800 and beyond.
This is your reminder that $TAO under $700 is still a gift.
— Crypto Winkle (@CryptoWinkle) May 22, 2025
After Google’s I/O 2025 AI showcase, it’s clear we’re just getting started. Web3 will mirror many of these innovations and @opentensor is leading that charge.
Already 2x up, $TAO holding above $500 sets us up for the… pic.twitter.com/MgDSGgB2zK
Technical Momentum Builds
As of press time trading at $466.45, TAO’s technical chart reveals a falling wedge breakout a pattern often considered a precursor to upward price action. Resistance lies near $484 and $753. A decisive move past $500 could spark significant gains, especially with strong volume and renewed investor interest.
Furthermore, the MACD indicator shows the blue line above the signal line. This reflects ongoing bullish momentum, though slightly easing. The RSI sits at 68.54, signaling strong momentum yet nearing overbought conditions.
Additionally, liquidation heatmaps from Coinglass highlight a dense concentration of leveraged positions between $440 and $460. These levels form a key battleground for traders. A sustained move above this zone could trigger a wave of short liquidations, accelerating price gains further.
Broader Market Narrative and Forecast
Besides technicals, the narrative surrounding decentralized AI is fueling TAO’s ascent. With OpenTensor leading development in this sector, investor confidence continues to grow. TAO has already doubled in value and shows no signs of retreat. Its market cap, now over $4.1 billion, reflects increasing institutional and retail participation.
Looking ahead, Coincodex analyst forecasts suggest TAO could reach an average of $276.02 in June. Some models predict a range between $226.90 and $315.49, pointing to a potential 32.80% upside. Despite short-term consolidation, the long-term trajectory remains upward.
