Decrease in TAO Value Triggers Interest at $340 Support Level, Potential for Reversal in Bittensor Market
In the world of cryptocurrency, Bittensor's TAO token is making waves with its anticipated price movement in 2025. Here's a breakdown of the current analysis and potential trading ranges for TAO.
Currently, TAO is trading near $342, having lost its grip on a critical support zone around $360-$370. This development has led to a 10% drop in price over a single day. Without a flip above this broken range, sellers are likely to maintain control.
Key Fibonacci levels are now crucial areas to watch for potential support and resistance. The 0.705 Fibonacci level at $338 and 0.79 near $323 are potential support areas, acting as safety nets for an exhausted market. On the other hand, if momentum returns, traders would look to $512 and even $643 as potential resistance levels.
The next critical level for TAO is $340. A strong bounce from this area could trigger a recovery toward $440-$460. However, if TAO fails to form a base around $340, it may slide further.
Multiple price forecasts for 2025 indicate that TAO could trade between approximately $235-$259 on the downside and reach highs between $605 and $1108. These levels are derived from technical assessments combined with market sentiment tied to AI growth prospects and institutional interest.
Coinpedia projects a 2025 potential low near $259.67 and a high up to $779.00, with an average around $519.33. DigitalCoinPrice and Telegaon’s forecasts are more bullish, with highs reaching $927 to $1,443 and lows between $376 and $620. Cryptopolitan’s technical analysis highlights a trading range of $158 to $606, indicating support near $158 and resistance near $606. Benzinga cites a trading range for 2025 between $235.67 (support) and $1,108.53 (resistance), with a strong price surge expected especially in Q2 2025.
These Fibonacci-based levels can be anticipated by taking into account the historical price swings and the major psychological and technical price points identified by analysts. Support around $235-$260 corresponds roughly to Fibonacci retracements of prior cycles, acting as a floor during bearish retracements, while resistance in the $600-$1100+ zone aligns with measured price extensions or firmer bullish momentum points.
In summary, the technical outlook for TAO in 2025 hinges on maintaining support above $235-$260 to avoid deeper corrections, while breaking past $600-$1100 resistance levels could unlock significant upside potential. The presence of institutional purchases and AI sector growth further reinforce optimistic price targets, but regulatory or market downturns remain risk factors.
As TAO enters a decisive phase, market watchers are keeping a close eye on whether it forms a base around $340 or slides further. The outcome here will set the tone for the rest of August.
Technology plays a crucial role in predicting and analyzing TAO's price movement, with Fibonacci levels derived from historical price swings and technical assessments serving as key support and resistance areas. The potential level of TAO's price in 2025 depends on maintaining support above significant Fibonacci retracements around $235-$260, while breaking past resistance levels around $600-$1100 could unlock significant upside potential.
