Bittensor Bulls in Control: Why a Four-Digit TAO Price May Be Next

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.
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.
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
— CrypτaoShluϙ | Dubai (@CryptoShlug) February 4, 2025
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.
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
— CW (@CW8900) February 4, 2025
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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