Evaluating the Feasibility of TAO Cryptocurrency Reaching $400: A Market Analysis

As of April 2025, the question of whether TAO cryptocurrency can sustainably achieve a $400 price point requires a multifaceted analysis. This assessment examines key factors including historical price action, network fundamentals, adoption metrics, and macroeconomic conditions influencing the digital asset space. Technical indicators such as trading volume, liquidity depth, and resistance levels must be weighed against ecosystem developments like protocol upgrades, partnership announcements, and institutional interest. The evaluation also considers comparative performance against benchmark assets and sector-specific tailwinds or headwinds affecting layer-1 blockchain projects in the current market cycle.

Swing traders and investors will be interested in a TAO pullback to this level

Source: TAO/USDT on TradingView

The bullish 1-day structure was accompanied by a rising OBV. The volume metric broke above its highs from March, alongside the price. This was a positive sign and highlighted strong demand behind the altcoin’s April gains.

The Awesome Oscillator also made a bullish crossover a week ago, and its green histogram signified that bullish momentum was snowballing. In January and February, the $320 and $360 levels had served as support, but the steady selling pressure saw them flipped to resistance levels.

At press time, TAO seemed to be challenging the former level as resistance. Even with the rising buying pressure and momentum, the $320 and $360 resistance levels could stall the bullish trends for a few days.

If Bitcoin’s [BTC] momentum could continue bullishly, it is likely that Bittensor would be able to climb beyond $400 and challenge the next significant resistance at $460.

Source: Coinglass

The 3-month liquidation heatmap revealed that a huge cluster of liquidations had formed around the $280-$295 region over the past month. The recent gains saw Bittensor fly past this magnetic zone.

In doing so, it cemented its bullishness and hinted that the next price target was $373. To the south, the same $295-level saw a small cluster of long liquidations build up. Therefore, it may be possible that TAO could pull back to $290-$300, before rallying towards $370.

Traders should be prepared for this scenario. They can look to bid at $290. A more conservative approach would be to wait for a retest of $290 and bounce beyond $300.  They can then look for long entries.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion