Bittensor (TAO) Holds $400 Support Amid Pullback, Analysts Target $800 Rally

• Bittensor’s price fell from a peak of $450 on May 24, declining 11.79% over the last week. 
• If the price stays below the $420 level, it could risk falling to the support range of $390. 
• Analyst Michaël van de Poppe expects TAO to reach $700–$800 if it breaks above $472.

Bittensor’s native token, TAO, is attracting market attention as it attempts to move past the major resistance zone. At the time of writing, TAO is trading at $401.68 after the price dropped by 11.79% over the past week. Following its recent peak of $449.68 on May 24, the token has become much more volatile with bulls and bears struggling for dominance around the $400 level.

According to TradingView data from May 30, 2025, TAO is currently consolidating above $400 after being unable to continue pushing past the $450 resistance. Between $450 and $472.30 lies the critical resistance region, acting as a barrier since early 2025. 

Analyst Michaël van de Poppe points out that this area acts as the “final resistance,” and a breakout could lead to a surge upward. He sees prices below $400 as an attractive entry, considering TAO as a unique performer in his portfolio.

Support and Accumulation Zones Define Market Structure

After a long downtrend, TAO has quickly recovered, and its prices have been volatile recently. In March 2025, the token’s value declined, and it dropped below $250. Then, it surged upward again to regain the $400 mark. Between $330 and $370, the technical analysis shows a support area labeled as the ideal accumulation zone. If the price drops further, a previously established double-bottom at $276.20 could act as a secondary support, signaling where bulls may re-enter the market.

The past week’s activity has produced a series of lower highs and lower lows. A brief push above $450 on May 27–28 formed a local double-top before sellers forced a move back below $410. Strong interest from traders is seen as the average daily volume increased by 36.26%, reaching $125.81 million, while TAO is near key support. Still, this decline suggests that market interest remains, with some investors possibly preparing for a further dip before buying.

Market Cap, Supply Metrics, and Future Scenarios

With a market capitalization of $3.5 billion, TAO is down by nearly 11.79% during the past seven days. Considering the potential future unlocking of tokens, the fully diluted valuation stands at $8.43 billion. The circulating and total supply is 8.72 million TAO, while the maximum supply is set at 21 million tokens. 

Source: CoinMarketCap

At press time, the short-term market outlook seems to be cautious. If TAO stays below $420, the price remains at risk of falling further, with the next key support level at $390. If bulls push the price above $450 on strong volume, the momentum could target $500 or higher, in line with analysts’ predictions for $700–$800. On the other hand, a failure to hold the $390–$400 zone may see further downside toward $370–$330. The period ahead could determine whether TAO continues to rise or enters a prolonged consolidation phase.