TAO’s price has been on a steady decline for months, making lower highs and lower lows. Now, all eyes are on a key support zone between $205 and $215, as traders wait to see if TAO can turn things around and make a run toward $750.
Recently, TAO bounced off this support level, showing that buyers are still stepping in. This area has held strong before, stopping further declines, so it’s one to watch.
The big question is whether TAO can break past $750, a level that has proven to be a tough barrier. If momentum picks up, things could get interesting. If momentum increases, TAO might push toward this level again. But if it can’t hold the current support, prices could fall further.
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What to Expect in March: Can TAO Reverse Toward $750?
The 9-day SMA at $267.5 is the first hurdle. Breaking above this might signal the start of a turnaround. A bigger obstacle is the 200-day SMA at $458, which lines up with a long-term trend line.
If Bittensor’s price stays above the short-term average and builds momentum, it could head for the $750 resistance. However, a failure to reclaim these levels may result in sideways movement or another retest of support.
Key TAO Price Levels to Watch
If the current support fails, the next downside targets could be lower levels that have previously attracted buyers. Breaking below support could mean more drops, extending the downtrend.
On the positive side, if TAO’s price breaks above the 9-day average at $267.5 and keeps gaining, it could push toward the 200-day average at $458. Moving past this would improve the long-term outlook, making a run to $750 more likely.
TAO’s next big move will mostly depend on how Bitcoin performs and overall market sentiment in the coming weeks.
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