The post Bittensor TAO Price Surges Past $510, Eyes on $540 and $580? appeared first on Coinpedia Fintech News
Bittensor (TAO) price has set the crypto scene abuzz with a dramatic +21.35% price pump in the past 24 hours. It is now climbing to a 2025 peak of $536.88 on surging volumes. Riding a wave of fresh institutional interest from the debut of the Safello Bittensor Staked TAO ETP, TAO’s price action has turned decisively bullish.
This move comes as attention intensifies ahead of Bittensor’s much-anticipated first halving, fueling speculation and positioning TAO for a technically charged rally.
TAO Price Analysis
Bittensor price has delivered an explosive breakout from its multi-week range, chugging past the crucial $510 resistance. Bulls pushed the price as high as $536.88, a level unseen since early 2025, dramatically shifting near-term sentiment. The 4-hour chart shows firmly escalating momentum:
The RSI-14 stands at 74.92, confirming overbought territory, but the steep rise signals momentum is still strong and could persist if volume remains high.
The MACD indicator shows a bullish crossover, with the line at 23.36 pulling clear of the 18.93 signal line, reinforcing a positive market structure.
Immediate technical targets are shaped by Fibonacci extensions, with the next resistance staring at $580.5.
Short-term volatility is likely as traders secure gains near the $540 zone, raising the risk of sharp pullbacks if momentum hampers. However, TAO’s ability to hold above $510 on closing intervals may open a path for another attempt at its all-time high around $767. That being said, if profit-taking intensifies, corrections lie at $478 and $433, both recent support levels.
FAQs
TAO’s price spike is linked to the Safello Bittensor Staked TAO ETP’s launch, unlocking institutional inflows and daily trading volume up 59%.
The RSI shows overbought conditions, but price momentum is intact. Sudden pullbacks are possible, so traders should be watchful.
If TAO remains above $510, technical signals point to $580.5 as the next resistance, with a longer-term target at the ATH near $767 if bullish flows persist.