Bittensor price shows strong potential as the first TAO halving takes place tomorrow. The coin surged 5% last week. It is currently trading above $290. Bittensor is forming an ascending triangle pattern.
This indicates a possible breakout above $400. Meanwhile, Bitcoin is trading at around $90K. Ether price is trading at $3100 following a bit of consolidation. In case the market does not fluctuate, Bittensor might experience additional bullish action in the short term.
Bittensor’s First Halving Event Set for Tomorrow
The first halving of Bittensor will occur on the 14th of December 2025. The network is based on a supply model that is comparable to Bitcoin. Bittensor will similarly cut its native currency, TAO, in half, as it will cut down on its halving just like Bitcoin. Currently, Bittensor generates 1 TAO per block which is estimated to be 7,200 tokens per day.
Following the cut, the minting is going to be 0.5 TAO per block, or approximately 3,600 tokens per day. This decline will lower the supply of TAO as a whole making it scarce. The past halvings of Bitcoin indicate that the decreased supply of Bitcoin tends to increase the network value and stabilize the market in the long-term.
Is a Breakout Looming Near $300 Bittensor Price?
As of the reporting time, the TAO price stood at $293, showing a modest 0.27% increase. The cryptocurrency has been fluctuating between key levels, with a range of $280 to $320.
The Moving Average Convergence Divergence (MACD) indicates a minor bearish market outlook. The line of MACD is below the signal line. The crossover is an indication of the mild bearish trend, and the histogram also indicates the selling pressure.
The RSI sits at 49. This represents that TAO is not overbought or oversold. The neutral position implies consolidation, which may be about to break or to break down.
The immediate resistance is at the range of $300 to $320. Any break above these levels may indicate the transition to the bullish momentum.
Source: TAO/USD 4-hour chart: TradingViewIn case the price could soar above these levels of resistance, the next levels to observe are the levels of $350 and $375. A strong move beyond these levels would surge to $400 after the TAO halving as full Bittensor forecast report.
Conversely, the Bitttensor price could also go below the support level of $280, which may symbolize further negative pressure. A continuous downward trend below this can drive the price towards the $250 area, which can be an indicator of a possible bearish market change.
Source: https://coingape.com/markets/will-bittensor-price-break-above-400-after-first-tao-halving-tomorrow/
