Bittensor’s TAO Flashes Golden Cross—Is a $500 Surge Imminent?

Technical traders are buzzing as Bittensor’s TAO token paints a bullish golden cross—a classic signal that’s historically preceded major rallies. With the pattern now confirmed, whispers of a $500 target are gaining traction.

But let’s not pop the champagne yet. Crypto’s favorite ’sure thing’ has left bagholders nursing losses more times than Wall Street interns at a free-bar meltdown. The real question: Will this time actually be different?

TAO’s recent momentum can’t be ignored, though. If the bulls hold control, we might just see that triple-digit price tag sooner than skeptics think. Buckle up.

Source: Coinalyze

On a 24-hour timeframe, when we look at the Order Delta, it suggested there are more buy orders executed rather than sell ones.

The Delta sat at positive zone at 3.89k with buy volume at 32k while sell volume sits at 28.19k. A positive imbalance suggests that buyers have entered and taken over the market.

Clearly, market participants have stepped in to absorb supply and push prices higher.

As such, TAO’s derivatives markets are increasingly high, and most investors are bullish.

Futures market sees momentum spillover

Source: CoinGlass

This is evidenced by the surge in Open Interest (OI).

As per CoinGlass data, Bittensor’s OI ROSE 20.59% in the last day, reaching $260.8 million—evidence of fresh capital entering long positions.

At the same time, when we look at the Funding Rates aggregated by exchanges, it has held positive over the past two days.

When OI climbs alongside positive Funding Rates, it often signals trend conviction, not just short-term noise.

Source: Santiment

Bittensor’s emerging ‘golden cross’

Source: TradingView

Technically, TAO flashed more bullish signals.

The EMA 50 moved sharply and is now brushing against the EMA 200. If the upside continues and the 50 EMA flips the long-term moving averages, it will signal the continuation of the uptrend.

Historically, the MOVE has preceded higher prices as buyers take control of the market.

Therefore, if the uptrend continues here with the Golden Cross emerging, we will see TAO make more gains. A continued upward price action from the current levels will see TAO reclaim $500.

However, if bulls fail to hold and the market and sellers retake it, a correction will occur, and Bittensor will pull back to $403 support.