Bittensor (TAO) is catching fire in the crypto market. Technical indicators are flashing bullish signals, backed by growing institutional attention. Traders are noting a volume spike and notable whale activity, suggesting strong upward momentum.
Potential catalysts like a rumored Coinbase listing and the upcoming dTAO launch are fueling investor excitement, setting the stage for a possible breakout in the cryptocurrency’s valuation.
What you'll learn 👉
Bittensor Sees Record Daily Volume and Whale Accumulation
Crypto analyst CrypτaoShluϙ noted that TAO recently recorded its highest daily volume candle, hinting at strong buying pressure.
$TAO just had it's highest 1D volume candle ever.
— CrypτaoShluϙ | Dubai (@CryptoShlug) February 4, 2025
With Coinbase listing looming as confirmed by addition to the roadmap yesterday and dTAO a mere 10 days away, I think we see a $1B+ 1D vol candle and a four digit $TAO in the not too distant future.
Volume precedes price.
Sned. https://t.co/AaNZyL3I6w pic.twitter.com/XvkjhusMED
The anticipated listing on Coinbase, confirmed by its addition to the exchange’s roadmap, is driving further speculation. CrypτaoShluϙ predicts that TAO could soon surpass a $1 billion daily trading volume, with price levels potentially reaching four digits soon.
On-chain data supports this bullish outlook, with CW highlighting that whales have been aggressively buying long positions, even during recent downtrends. This accumulation has contributed to a swift price recovery, outpacing most other projects.
CW also pointed to a cup and handle pattern forming on the TAO chart, a classic technical signal for an imminent breakout.
TAO’s Cup and Handle Breakout in Play
According to CW’s TAO chart, a textbook cup and handle formation is evident. The cup, formed between August and November, showcases a rounded bottom, a sign of accumulation. The handle, shaped as a descending wedge, recently broke out with strong buying volume, indicating a potential bullish continuation.
Whales were quick to buy long positions in $TAO even during the downtrend.
— CW (@CW8900) February 4, 2025
And the price recovery of $TAO is faster than any other project.
The cup and handle pattern is coming to completion.
The real bull market is about to begin. https://t.co/95EuoEm62W pic.twitter.com/5KICZq87LG
Key support levels lie between $320 and $350, where buying interest remains strong. Resistance levels stand at $400–$420 and $480–$500, with a possible rally to $700 if momentum sustains. The analyst’s chart notes that if TAO holds above $375–$400, it would confirm the breakout, setting the stage for a continued uptrend.
Read also: AI Predicts Stellar (XLM) Price When XRP Hits $10
TAO’s Market Sentiment and Outlook
Market sentiment around TAO remains highly optimistic. Current price data from CoinGecko shows TAO trading at $371.76, reflecting an 18.90% gain in the past 24 hours despite a 15.63% decline over the past week. The recovery suggests that the correction phase may be ending, giving way to a new uptrend.
If volume continues rising, TAO could enter price discovery, targeting $500–$700 in the short term. Analysts believe the ongoing accumulation and technical strength signal the start of a major rally, reinforcing the view that the real bull market for TAO is just beginning.
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