TAO price is making noise again after finally breaking through the $400 level. The price has now pushed up to around $420, flipping the script on what’s been a long stretch of downward movement. It’s up 6% today, and trading volume has jumped by more than 80%, showing that interest is clearly picking up.
Top analyst Crypto Rand flagged this zone earlier, saying TAO price was bumping up against a major resistance line and now that line looks broken.
So naturally, the big question is: could Bittensor be gearing up for a run to $1,000 before the year wraps up?
Earlier this year, TAO price was sitting way up near $720, but since then, it’s been stuck in a broad downtrend. That trendline connecting all the lower highs has now been cracked, thanks to a strong bounce from the $220 lows back in June.
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The price surge took Bittensor right into a heavy resistance zone between $390 and $415, the same area where it got rejected twice before in April and May. This time, though, buyers didn’t back off. Now that TAO is trading above that range, the next big zones to watch are $500–$520, and if that clears, the $620–$650 zone could be up next if momentum keeps building.
Bittensor Price Momentum Is Building
TAO Chart structure suggests buyers are in control. TAO formed a double-bottom around the $200 level and has been printing higher lows since mid-June. Recent candles are pushing steadily higher, with little sign of selling pressure.
If Bittensor price holds above $415, the breakout is confirmed, and a push toward $500 becomes more likely. If sellers take over, a drop back to the $280–$300 zone could follow. The $260–$280 range remains key support for now.
The chart also includes a long-term target of $1,000, a psychological milestone that could come into play if price clears $620. To get there, TAO needs to flip $500 into support and attract fresh volume.
On the downside, if momentum fades, traders will watch $280 and $260 for possible rebounds. A breakdown below $260 would open the door for a retest of the $200 floor.
What Comes Next?
TAO price has cleared a major hurdle. The break above $400, supported by strong structure and growing volume, has shifted the technical picture. Whether it can reach $1,000 this year remains to be seen, but as long as $415 holds, bulls have the upper hand.
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