Bittensor (TAO) has emerged as one of the fastest-recovering altcoins following the recent crypto market crash, bouncing back sharply from lows around $312 to trade near $420. This rapid rebound has sparked renewed investor interest, raising the question: Can the TAO price sustain this momentum and test $500 this month? Technical indicators suggest potential upside, with October targets ranging between $450 and $520, but will market volatility allow it to hold these levels, or is another correction looming?
Bittensor (TAO) is making waves after the recent crypto market crash, which saw altcoins plunge due to broad risk-off sentiment and heavy liquidations. While many tokens struggled to regain footing, TAO has staged one of the quickest and most impressive recoveries in the market. Key drivers behind this surge include:
With these catalysts, the big question remains: can TAO sustain this momentum to hit $500–$520 by October, or is volatility poised to test its limits again?
The TAO price experienced a massive sell-off before the weekly close, leading the rally towards the lows around $140. Meanwhile, the bulls jumped into action and not only recovered 100% of the loss but also surged beyond the range. Currently, the price has surged beyond the interim threshold at $400, and the technicals suggest it could face the next barrier at $465 in the next few days.
The TAO price has flipped from the bearish influence and broken the descending resistance that it has held since May. The Supertrend has turned green, validating the change of the trend to bullish. It is also considered a buy signal wherein the investors are considering opening long positions. On the other hand, the +Di & -Di of DMI are converging, suggesting the bullish and bearish forces are balancing. This could send the token into a consolidated phase, signalling the weakening of the trend as the rally could be preparing for a breakout in either direction.
Therefore, the Bittensor (TAO) price is believed to maintain a consolidated ascending trend and enter the resistance zone between $465 and $473. Breaking this zone could be extremely difficult, but with the buying volume increases, a breakout above $500 could be imminent.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Story Highlights The Ethereum price today is . ETH price with a potential surge could…
Michael Saylor's "Strategy" has purchased an additional 220 BTC for about $27.2 million, averaging $123,561…
China Renaissance Holdings Ltd., a leading Beijing-based investment bank listed in Hong Kong, is in…
Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential…
In a year defined by cautious sentiment and patchy presale performances, one Ethereum-based protocol is…
The crypto market just witnessed one of the largest sell-offs since the COVID and FTX…
