TAO Price Analysis: Is Wave Correction Complete, or is Rebound Next?

As of now, the price of Bittensor (TAO) stands at $403.17, with an impressive 24-hour trading volume of $232.9 million. With a circulating supply of 8,145,743 TAO and a maximum supply of 21,000,000 TAO, Bittensor maintains its position as a deflationary cryptocurrency.

Key Facts About Bittensor

• All-Time High (ATH): $757.60 (March 8, 2024)

• All-Time Low (ATL): $30.83 (May 14, 2023)

• Current Retracement from ATH: -46.78%

• Recovery from ATL: +1207.72%

This robust recovery demonstrates Bittensor coin's potential for growth, making it a focus for traders and investors alike.

Read detailed TAO Price Prediction for more insights

Short and Long-Term Price Indicators
The Bittensor price is showing mixed signals when analyzed against moving averages:

• 50-Day Simple Moving Average (SMA): $541.37 (indicating short-term trends)

• 200-Day SMA: $431.19 (highlighting broader price movements)

Key Levels to Watch

• Critical Support: $399
  If TAO sustains above $399, the price could climb to the 0.768 Fibonacci retracement level, approximately $650.

• Risk Level: Below $399
  A breakdown under this level could lead to a steep drop, potentially bringing the price below $250.

Recent Development: dTAO Testnet Sparks Interest
The launch of the dTAO Testnet on January 11, 2025, has reignited interest in the Bittensor crypto. This upgrade aims to enhance the project’s tokenomics and governance, pushing it toward full decentralization.

Also Read: Ethereum Classic Price Prediction 2025, 2026 – 2030

Social Dominance Trends

• Between January 7 and 12, TAO’s social dominance dropped.

• However, as of now, social dominance has surged to 0.20%, reflecting growing interest.

Why Social Dominance Matters:

Historical trends show that increased social chatter often precedes price surges. Notable patterns were observed on December 5, 2024, and again between January 1 and 4, when rising dominance coincided with a price uptick.

Bittensor Price Prediction for 2025
Given its deflationary nature, solid recovery from ATL, and rising community interest, the Bittensor price prediction for 2025 remains optimistic. Key indicators suggest:

• Sustained growth if TAO remains above $399.

• A potential rally to $650 or beyond, aligning with Fibonacci levels.