TAO has broken out of a prolonged technical downtrend, sparking discussions among analysts about its future price trajectory. Captain Faibik suggests a potential target of $950–$1,000 if TAO maintains support above $385. Blockchain Bob notes that TAO has rebounded above pre-crash levels, with higher targets being considered.
In addition to the technical breakout, TAO's daily issuance is set to halve to 3,600 in less than 59 days, adding to the bullish sentiment. Furthermore, Grayscale has filed Form 10 with the SEC for a TAO ETF, further fueling speculation about the cryptocurrency's potential rise. The combination of these factors has intensified debates about TAO's price outlook as 2025 progresses.
TAO Surges Amid Halving and ETF Filing Speculation
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.