Bittensor's token TAO was trading at around $415 on October 27, having retreated barely from its recent rally above $420. The token had rallied greater than 52% since October 11, when buyers defended key support levels around $275. Additionally, the token’s recovery after the October 10 flash crash has put TAO price on the verge of confirming a bullish technical setup.
Analysts expect optimism to proceed as TAO consolidation fuels the halving narrative, fueling optimism within the broader market TAO USD day by day price chart. Source: TradingView
The day by day chart showed the TAO-USD pair forming a bull flag setup, a continuation pattern that usually follows strong rallies. The price moved inside converging lines and remained above its 20-day and 50-day exponential moving averages. The structure set a theoretical price goal of just about $660 for the Bittensor token, with an emphasis on the theoretical part. A more practical goal can be around $500-520, around 50% of the projected increase from current levels.
Several analysts reiterated the optimistic outlook. Shun pointed to a possible Elliott Wave triangle ahead of the December halving. Satoshi Flipper described the setup as a textbook pennant ready for a breakout. Analyst Nebraskangooner confirmed the attempted breakout from a descending trend line. Their combined evaluation was consistent with optimism surrounding TAO's first halving, which is predicted to happen on December eleventh.
Analysts see an optimistic continuation as TAO consolidates
The bullish development attracted the eye of distinguished market analysts who followed TAO's price structure over multiple time frames. Shun identified a rolling triangle pattern on the 4-hour chart. The token has made successive higher lows since mid-October.
Shun's contribution to TAO price prediction. Source: X
The analyst noted that the pattern coincided with the upcoming first TAO halving on December 11 and viewed it as a possible catalyst for a continuation of the rally. Shun placed its invalidation level below $365, meaning that the bullish bias would remain intact unless the value falls below this threshold.
Independent market analyst Satoshi Flipper, in a separate evaluation, described TAO's structure as a “perfect pennant” that formed after a pointy rise.
Analyst contribution to Bittensor price prediction. Source: X
Flipper's chart showed a decent range between $390 and $430, suggesting accumulation moderately than exhaustion. The analyst expected a powerful move once TAO price breaks above the ceiling, with the breakout goal going beyond $480.
CCIETrader offered a more liquidity-focused view, noting how TAO absorbed selling pressure near $400. The market commentator's intraday chart showed stable volume nodes forming along this range, suggesting that buyers continued so as to add positions throughout the consolidation.
Contribution to the trader's TAO price evaluation. Source: X
Furthermore, the RSI was hovering in neutral territory, leaving room for an additional upward thrust if momentum increased.
Meanwhile, Nebraskangoner highlighted a trendline breakout on the day by day chart. The analyst highlighted that TAO price has reclaimed its descending resistance, arguing that the pattern confirms structural strength above $380.
TAO price evaluation post by analyst. Source: X
If the amount continues, the setup suggests a continuation towards the mid-$400 region.
Taken together, these readings presented a coherent outlook: Bittensor's market structure remained technically intact, with consolidation indicating a possible continuation of the uptrend heading into the halving-driven cycle.
The halving of the narrative is fueling broader market optimism
The technical momentum coincided with increasing interest within the upcoming Bittensor halving, which many traders viewed as the subsequent big driver of price motion. Market participants linked the tightening supply dynamics to the bullish technical structures already forming on the charts.
Market participant Harry compared Bittensor's issuance cycle to Bitcoin's early years and noted striking similarities between each assets' timelines from launch to halving.
Harry's Bittensor Halving Contribution. Source: X
The analyst also argued that TAO's first halving, expected in December, mirrors Bitcoin's 2012 cycle and will trigger an identical post-halving surge. According to Harry's prediction table, the primary major TAO top is around $750, with longer-term extensions reaching multiples of this value through 2026.
RTradeAcademy's RTS went into the fundamentals, calling the TAO halving a structural supply shift moderately than a planned marketing event. Additionally, the analyst explained that Bittensor's issuance model constantly decreases with each block, unlike Bitcoin's fixed four-year cuts. The reduction in day by day supply, combined with the growing utility of AI networks, may lead to a so-called “double supply shock” – fewer recent coins and continued real demand from AI computing markets.
Above all, the convergence of supply shortages, technical compression and growing AI usage made Bittensor certainly one of the few tokens that mix scarcity with practical demand
