TAO Price News: Bittensor Stabilizes After Covenant Saga – Analyst Eyes Pump to $450

After the dramatic Covenant AI exit and the subsequent 37,000 TAO sell‑off, Bittensor’s native token crashed from $350 to $240‑$250. That was two weeks ago. Since then, TAO has stabilized in this range, showing little movement over the past seven days. The panic selling has subsided. Leverage has been flushed. Now the market is watching for the next directional cue. With network fundamentals still strong and a new institutional custody partnership in place, some analysts believe the bottom is in.

• TAO Price – Analyst’s Take: Osemka Sees Deep Wave 4, Resistance at $248.9
• TAO News Today – Institutional Custody, Network Strength, and a Developer Auth Stack
• TAO Price Prediction – Bullish, Bearish, and Likely Scenarios
• FAQs

TAO Price – Analyst’s Take: Osemka Sees Deep Wave 4, Resistance at $248.9

Analyst Osemka posted a 12‑hour TAO/USDT chart on MEXC with a clear technical view. He states that his view remains unchanged: this is not a finished impulse. The recent crash was only a deep wave 4, filled with fear, uncertainty, and doubt (FUD). He has been tracking this structure with his subscribers from the absolute bottom and calls it a great‑looking setup.

The chart shows TAO trading around $247‑$248 at the time of the analysis. Osemka highlights the main obstacle: resistance at $248.90. Above that, price needs to climb on a very clear diagonal, and strength is required to push through. If the breakout comes, he would be looking at the area around $450 for the next major resistance.

Source: X/@Osemka8

Looking at the 12‑hour chart, TAO printed a low near $238 and bounced to $248.90, then pulled back to test support near $226. The invalidation level for a continued impulse is marked below $200, near $192‑$202. As long as price stays above that zone, the bullish structure remains intact. The diagonal trendline from the lows is still unbroken. Osemka’s TAO price prediction is: a close above $248.90 would trigger the next leg up, targeting $450 over time.

TAO News Today – Institutional Custody, Network Strength, and a Developer Auth Stack

Bittensor is entering a pivotal accumulation phase. A key development is the partnership between BitGo and Yuma, which now provides institutional‑grade custody and access for Bittensor’s subnet tokens. This removes a major barrier to entry for larger capital. Institutions can now securely hold and manage TAO and related assets, opening the door for ETF‑like products and corporate treasuries.

Network fundamentals show strength. The subnet ecosystem is approaching $1.5 billion in cumulative value. Nearly 70% of TAO supply remains staked, locking liquidity and reducing sell pressure. The first halving in December 2025 has already tightened new supply, with daily emissions cut from 7,200 to 3,600 TAO.

In parallel, the ORO subnet team announced an open‑source authentication stack for Bittensor. The network’s current axon/dendrite layer handles validator‑miner authentication but leaves a gap for web applications. There is no standard way to authenticate a hotkey against an HTTP API. ORO built a complete solution: SR25519 signature verification, nonce replay protection, session management, and SDKs for Python and TypeScript. They have released pip install bittensor-auth so any subnet can implement hotkey‑level HTTP authentication in minutes. This improves developer experience, a competitive advantage for subnets. Miners spend less time on infrastructure and more time on their agents.

Read also: Bitcoin Price News: BTC Hits $78K as ETF Inflows Extend to 6 Days

TAO Price Prediction – Bullish, Bearish, and Likely Scenarios

📈 Bullish scenario: If TAO closes a daily candle above $248.90, the breakout would trigger momentum buying toward $300‑$320 in the near term. With institutional custody in place and the conviction mechanism gaining traction, a move to $450 becomes the next major target, possibly within 3‑6 months.

📉 Bearish scenario: If TAO fails to break $248.90 and rolls over below $226, the invalidation zone near $200 would be tested. A break below $200 would open the door to $180 or lower, suggesting the impulse structure failed and a deeper correction is underway.

⚖️ Most likely scenario (65% probability): TAO will continue consolidating between $230 and $260 for another 1‑2 weeks, building a base. The BitGo/Yuma partnership and the open‑source auth stack are positive but need time to attract new capital. A breakout above $260 is probable by mid‑May, targeting $300 first, then $350‑$400. The bullish structure remains intact as long as $200 holds.

FAQs

 **Will Bittensor go up❓**

Yes, if TAO breaks above the $248.90 resistance level, analysts expect a move toward $450; the bullish case is supported by institutional custody partnerships, 70% of supply staked, and the upcoming conviction mechanism.

 **Is TAO expensive❓**

At $250, TAO is 80% below its all‑time high near $1,200 and trades at a fraction of its peak valuation, but it remains speculative; compared to other AI crypto projects, its fully diluted valuation is significant, though the locked staking and subnet utility could justify a higher price if adoption grows.