Bittensor Halving Under 90 Days: TAO Price Rally Looms
Bittensor halving is set for around December 11, less than 90 days away. The event will cut daily TAO emissions from 7,200 to 3,600, halving sell pressure and sharpening Bittensor’s tokenomics. Historically, Bitcoin halvings have triggered strong rallies as supply contracts while demand holds steady.
Current TAO trades near $337, sitting at a technical junction below resistance at $366. A break above the 20-day EMA could drive a short-term push toward $440. In the longer term, the halving narrative may act as a catalyst for a run toward $1,000 in 2025.
Traders should watch support at $300 and $280 closely—failure to hold these levels could risk a drop to $250 and undermine bullish momentum ahead of the Bittensor halving.
Bullish
The upcoming Bittensor halving reduces daily TAO emissions by 50%, mirroring Bitcoin’s supply contraction events that historically precede strong bull runs. By cutting sell pressure from 7,200 to 3,600 TAO per day, token scarcity increases if demand remains steady. Technical setups also favor a rally: a successful break above the 20-day EMA and resistance at $366 could propel prices toward $440 in the short term. Over the longer term, the halving narrative and renewed investor interest may drive TAO toward the $1,000 mark in 2025. These factors point to a bullish market outlook for TAO, though traders should monitor near-term support levels at $300 and $280 for risk management.