Grayscale trust filing — Bittensor gains 32.36%

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Bittensor surges 32.36% today

Highlights

Bittensor (TAO) surged 32.36% to $404.90, trading well above key moving averages MA-20 ($318.62), MA-50 ($329.10), and MA-200 ($350.29).
A major TAO token unlock for over 1 billion tokens is scheduled on October 13, 2025, likely impacting supply and price dynamics ahead of the December 2025 halving.
Technical indicators are mixed, with strong bullish price action above $329–$350 support and $410 resistance, but intraday oscillator divergence signals caution as trading volumes remain elevated.

Liquidity outlook shifts as upcoming unlock and institutional interest converge

A major token unlock event releasing over 1 billion TAO tokens to early contributors is scheduled for October 13, 2025, significantly increasing circulating supply and potentially affecting market liquidity and price dynamics. Demand has also been fueled by Grayscale’s recent SEC filing for its Bittensor Trust, which may boost institutional participation and transparency if approved. Additional optimism is driven by the upcoming halving event in December 2025 and heightened trading volumes.

Mixed momentum as price holds above support amid bullish trend signals

Technically, TAO’s price stands notably above the MA-20, MA-50, and MA-200, with dynamic support evident at $329–$350 and resistance identified near $410. While the daily MACD remains negative, the ADX at 28.54 signals a bullish trend, and the RSI at 64.88 highlights robust buying control though approaching overbought levels. The CCI is overbought, Stoch RSI and BBP are neutral, and the Awesome Oscillator supports further upside, but intraday oscillator divergence signals some caution as volatility remains elevated following a strong gap-up open. Price action continues to confirm broad bullishness despite mixed signals from some momentum indicators.

Balanced risk as consolidation persists between support and resistance

TAO is anticipated to trade within a $402.00 to $407.10 range in the coming five sessions, with an average price near $404.55. Technical indicators split evenly between upward and downward signals, suggesting a 50% probability for continued gains or a reversal. Likely, the asset will consolidate between $329–$350 support and $410 resistance, with a bullish scenario pushing above $410 and a bearish move bringing prices back below key support at $350.

Viktoras Karapetjanc, expert at Traders Union, sees Bittensor (TAO) benefiting from strong technical positioning and upbeat market sentiment, with investor appetite heightened by Grayscale’s SEC filing and anticipation for the upcoming halving event. The expert notes that while near-term volatility and the large 2025 token unlock may add complexity, broad demand and institutional interest reinforce a constructive outlook. He remains confident about TAO’s ability to consolidate above its key supports, provided positive macro and regulatory catalysts persist. "Momentum and fundamental drivers are aligned — as long as TAO holds above $350, the outlook stays bullish."

Previously it was noted that speculative flows in related assets increased as liquidity deepened on centralized venues and buyers pointed to improving order book conditions. The article also highlighted increased whale accumulation, strong staking rates, and ongoing growth in Bittensor's subnets as key supporting factors for sentiment.

Source of Data: TAO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.