Highlights
- Nearly 72.12% of TAO’s total supply is staked, indicating strong long-term investor confidence.
- Analysts predict a bullish reversal, could reach a potential high of $1,012.90.
- Also, the US government under the Trump administration wants growth in AI and the crypto sector.
Bittensor (TAO) gained significant attention in 2024, primarily due to its innovative AI-related projects that propelled the TAO price to impressive heights.
After achieving a Change of Character (ChoCh) above $358 in Q3 2024, TAO price received an additional boost in Q4 when Donald Trump won the election.
This momentum built a solid price action that drove the TAO price to a high of $744 and completed a falling wedge breakout.
However, the price action soon mirrored the global trend of profit-taking. In Q1 2025, negative sentiment surrounding Trump’s trade tariffs further pushed the price downward.
As of writing this report, TAO price had returned to its previous support block near $240 and was consolidating.
Interestingly, the current downtrend resembles last year’s pattern, forming another falling wedge.
If TAO crypto can break above $358 this time in 2025, it might break out and aim to retest the $750 supply zone. Even experts are optimistic about a potential bullish reversal.
Experts are claiming, if the token successfully achieves ChoCh, with projections suggesting it could reach as high as $1,012 if it breaks through the supply block.
Also, the substantial amount of TAO crypto supply staked indicates strong long-term potential for the Bittensor ecosystem. Keep reading to know more about whether the TAO price will fall or rise.
Experts’ Confidence is High as 72% TAO Supply is Staked
The experts and long-term investors opinions are bullish, as approximately 72.12% of the total TAO crypto’s supply, or about 6.11 million tokens out of 8.48 million, is currently staked.
This high staking percentage demonstrates strong long-term confidence among investors in the Bittensor ecosystem.
Also, the substantial amount of staked tokens helps to reduce selling pressure, which could further increase the chances of a bullish price movement once a breakout takes place.
TAO Price Could Touch $1,012.9, Says Analyst
An analyst, Billion_Crypto1 has pointed out that TAO price showed signs of consistent buying interest from analysts.
Currently, the market value of TAO crypto is positioned above its critical support area but remains below its historical peak, which acts as a resistance level.
This positioning suggests that the asset is poised for an upward movement, as analysts anticipate a bullish reversal once it breaks through this resistance. The price trend of TAO crypto indicates a potential bullish reaction.
At present, the TAO crypto is situated at the lower end of a falling wedge pattern, which typically signals bullish potential.
This accumulation phase may present a favorable opportunity for investors looking to enter the market, as a price rise is expected.
The initial target price for TAO price is set at $736.70, where resistance is anticipated. If this level proves difficult to break, investors would look toward the significantly higher target of $1,012.90 as upward momentum continues.
The potential for the TAO price to rise becomes increasingly clear as the market trends upward, with defined targets at $736.70 and $1,012.90.
Bittensor’s System is in Line With Trump’s AI Vision for the US
A recent X post highlights the Trump administration’s push for unrestricted AI innovation. This is in line with TAO crypto’s decentralized, and censorship-resistant AI network.
J.D. Vance’s comments on minimal regulation and private sector growth further support this narrative.
The post suggests TAO crypto’s adoption and infrastructure are already strong, reinforcing thebullish momentum.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Ivan Petrov is a seasoned journalist with deep insights into Russia’s dynamic crypto landscape. His work focuses on market dynamics and the transformative potential of blockchain technology, making him a go-to expert for understanding Russia’s digital financial innovations.