**Bittensor TAO Price Surges Past $510, Eyes on $540 and $580?**
Bittensor (TAO) has set the crypto scene abuzz with a dramatic 21.35% price pump in the past 24 hours. The token is now climbing to a 2025 peak of $536.88 on surging volumes. Riding a wave of fresh institutional interest sparked by the debut of the Safello Bittensor Staked TAO ETP, TAO’s price action has turned decisively bullish.
This move comes as attention intensifies ahead of Bittensor’s much-anticipated first halving, fueling speculation and positioning TAO for a technically charged rally.
**TAO Price Analysis**
Bittensor price has delivered an explosive breakout from its multi-week range, pushing past the crucial $510 resistance level. Bulls managed to drive the price as high as $536.88, a level not seen since early 2025, dramatically shifting near-term sentiment.
Looking at the 4-hour chart, momentum is firmly escalating:
– The RSI-14 stands at 74.92, confirming overbought territory. Despite this, the steep rise signals strong momentum that could persist if volume remains high.
– The MACD indicator shows a bullish crossover, with the MACD line at 23.36 pulling clear of the 18.93 signal line, reinforcing a positive market structure.
Immediate technical targets are shaped by Fibonacci extensions, with the next resistance level at $580.50.
**Outlook and Potential Volatility**
Short-term volatility is likely as traders look to secure gains near the $540 zone. This raises the risk of sharp pullbacks if momentum weakens. However, TAO’s ability to hold above $510 on closing intervals may open a path for another attempt at its all-time high around $767.
That being said, if profit-taking intensifies, corrections could find support at $478 and $433—both recent support levels.
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**FAQs**
*To be added based on user queries or common questions about Bittensor TAO.*
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