The upcoming 2025 halving could fuel sustained price growth, with targets up to $750.
So far, “Uptober,” a month historically associated with strong crypto rallies, has fallen short of its bullish reputation.
Yet, AI-themed cryptocurrency Bittensor (TAO) stands out as one of the rare winners.
As happened last week, TAO’s price has outperformed most of the assets in the top 100. As a result, the market value has increased by 10% in the last 24 hours.
While it currently trades above $450, here is why its price could be higher before the end of the month.
Bittensor Breaks Bearish Pattern
The 4-hour chart shows that TAO’s price fell from $471.62 to $347.18 between Oct. 14 and 17. At that time, TAO had formed a descending channel.
But the cryptocurrency bounced off the swing low over the weekend, historically providing substantial support.
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Furthermore, several indicators reveal that the coin could continue climbing higher. For instance, the Chaikin Money Flow (CMF) has risen to 0.16, indicating rising buying pressure.
TAO’s price has also risen above the 20-period Exponential Moving Average (EMA), reinforcing the coin’s bullish outlook.
Should this remain the case, the cryptocurrency’s market value might breach the overhead resistance near $475.
From an on-chain perspective, CCN observed that Bittensor’s Weighted Sentiment, which dipped into negative territory last week, has now flipped positive.
Since TAO’s price has climbed alongside this shift, market perception is improving, and investor confidence is returning.
Typically, when sentiment and price move this way, demand rises.
If this momentum continues, it could attract new inflows and sustain TAO’s price rally in the short term.
Furthermore, the upcoming TAO halving appears to be fueling much of the current bullish sentiment.
The network’s first-ever halving event is expected to occur around December 2025.
Currently, TAO issues 7,200 coins per day, but this rate will drop to 3,600 TAO daily after the halving, effectively cutting new supply in half.
Historically, halvings have acted as strong bullish catalysts across the crypto market, as lower emission rates trigger supply squeezes.
Therefore, if network activity remains strong while issuance declines, TAO’s price could see sustained upward pressure leading into and after the halving.
TAO Price Analysis: Structure Bullish
Looking at the technical setup again, the daily chart reveals that Bittensor (TAO) has completed a five-wave correction.
At the same time, the Moving Average Convergence Divergence (MACD) has formed a bullish crossover, signaling that momentum is shifting back in favor of the bulls.
A successful breakout above this level may open the door for a move toward $540, supported by improving on-chain sentiment and increasing accumulation.
In a highly bullish scenario, particularly as excitement builds around the upcoming halving, TAO’s price could extend its rally to $751.73.
TAO/USD Daily Chart | Credit: TradingView. However, if sentiment around the cryptocurrency turns negative, demand might drop. In that case, this prediction might be invalidated and TAO might decline to $330.07.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
