Bittensor (TAO) is currently trading at $391.90, with a predicted price range of $282.11 to $412.52 in 2025. According to CoinCodex, TAO's price is expected to drop by 25.34% and reach $308.00 by July 2, 2025. However, the long-term forecast suggests a bullish trend, with potential highs of $1,775.18 by 2029.
*Key Factors Influencing TAO's Price:*
- *Market Sentiment*: The current sentiment is bullish, with 21 technical analysis indicators signaling bullish signals and 5 signaling bearish signals.
- *Fear & Greed Index*: The index stands at 64, indicating greed in the market.
- *Moving Averages*: TAO's 50-Day SMA is $384.24, and the 200-Day SMA is $405.20. The 50-Day SMA is expected to hit $374.37 by July 2, 2025.
- *Resistance and Support Levels*: TAO has support levels at $403.89, $393.82, and $376.37, while resistance levels are at $431.40, $448.86, and $458.92 ¹.
*Potential Price Targets:
- *Short-term*: $412.52 (0.98% growth) by June 3, 2025
- *Mid-term*: $327.31 (29.78% potential gain) by June 2025
- *Long-term*: $1,775.18 (334.54% potential gain) by December 2029
Given the current market trends and predictions, it's possible for TAO to reach $500, but it would require a significant price increase of 27.59% from its current price. Based on the CoinCodex prediction algorithm, Bittensor is expected to hit $1,000 in March 2026, indicating potential for growth .
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