Bittensor (TAO) Price Surged 13%, Eyeing $500 Mark

• **Bittensor (TAO)**price is trading at $469 with strong support established above the critical $168 level.
• RSI at 68.30 approaching overbought territory, but momentum remains constructive.

As we move forward into May 2025, the technical patterns in TAO are encouraging bullishness, showing the possibility of TAO’s price rising steadily. As per CMC data, Bittensor is currently trading around $469, with an intraday surge of 13%.

The asset has shown great strength by building a base above $168, which has served as an important psychological support level. The exponential moving average chart shows the recovery in the TAO price. Bittensor price is currently trading above the 50-day and 200-day EMAs, suggesting bullishness.

The current positioning of EMAs reflects that the market is shifting from a bearish to a possibly bullish state. A tightening of the exponential moving averages often signals that a big price move is about to happen.

What’s Next for TAO Price?

Source: TradingViewFor a long time, technical indicators have been hinting at mixed signals, but are now leaning more toward optimism. The recent values on the MACD histogram suggest the momentum is moving from bearish to neutral. Even though the gap is still negative, the fact that it’s narrowing indicates buyers are starting to take the lead.

The RSI is at 68.30, which means the market is in the upper neutral zone and is getting close to overbought. But it’s not yet at the extreme levels that would suggest an immediate reversal.

Investors can see a clear consolidation pattern forming in the price structure, which began in early 2025. The market was very volatile at the end of 2024 and then spent several months forming a base between $200 and $300 before its recent move higher. The long period of consolidation has probably taken in most of the selling pressure from the earlier falls.

The trend in volume and momentum indicates that buyers are taking part more actively during the latest price increases. Holding prices above $400 is a notable achievement, since this level previously stopped earlier attempts to rise.

Moving forward, the technical setup suggests the market could go higher, but traders should be alert for the RSI reaching overbought levels and for any break below the exponential moving average support.

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