Bittensor price forecast when TAO reaches $200 resistance in the middle of the upbit list

An Investor Holds A Smartphone Displaying A Cryptocurrency Candlestick Chart While Monitoring Markets At A Trading Desk.


Bittensor's price rose to $207 amid Upbit's listing announcement. However, buyers retreated and TAO saw lows of $179. The daily chart shows a possible bullish move, and $300 could be the next target.

Bittensor (TAO) retested the $200 mark, hitting a high of $207 in early trading on Monday.

While TAO's price made gains in early trading, it has been highly volatile over the past few hours, with volatility coming amid major foreign exchange listings and broader market weakness.

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Bittensor won when Upbit TAO listed the pair

At the time of writing, TAO was trading around $185, a slight decline from the day's high and down about 2% over the past 24 hours.

The recent ups and downs coincide with the announcement of South Korea's leading cryptocurrency exchange Upbit.

The exchange added the TAO pair to its spot trading platform, which triggered a rapid price action.

According to Upbit, traders will be able to access TAO/KRW, TAO/BTC and TAO/USDT trading pairs starting February 16, a significant move to strengthen access to TAO on one of Asia's largest crypto markets.

Local demand has often seen tokens listed on Korean exchanges make huge gains, and that's exactly what TAO has experienced.

However, amid profit-taking, with a 51% increase from daily volume, prices revisited support at $179.

Can Bittensor keep up the pace?

Beyond the upbeat stimulus, Bittensor's recent price rally below the $145 low coincides with a recent significant change in direction.

Because Jacob Steves, better known as “Const,” has announced his resignation as CEO of the OpenTensor Foundation, marking a key transition from centralized control to a “headless” protocol.

Steves' announcement highlighted decentralization sentiment among investors, positioning Bittensor as a resilient AI infrastructure play.

With dynamic TAO updates and subnet competition now live, the protocol now functions as a self-sustaining ecosystem.

Greyscale highlighted the potential institutional interest in the token, specifically the TAO ETP file.

Bittensor Price Prediction: More Pain or Next $300?

The struggle of the cryptocurrency market has led to the loss of most altcoins in the past several months.

Bittensor's price reflects this view, and with Bitcoin capped at around $70,000, sentiment is largely weak.

Despite this, can TAO break the $300 mark?

Bittensor Price Chart
Bittensor price chart on TradingView

In terms of RSI and MACD indicators, the daily chart paints a slightly brighter picture.

Bulls will tighten control around $180 and look to regain the critical $200 level.

Such a breakout from the descending channel allows buyers to target the 50-day moving average and swing high of $240.

From here the next target of $300 comes into view.

However, failure to successfully recapture $200 risks retesting the demand zones seen in recent months.

The area around $144 could represent a key short-term support level.



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