Bittensor (TAO) is gaining momentum, with analysts pointing to a potential breakout past key resistance levels. The Crypto x AI sector continues to drive interest, and traders are watching TAO’s price action.
TAO trades at about $457.49 as of this writing. The token has shown strong momentum, gaining 15.15% over the day and 17.17% over the past week, as per CoinGecko
The uptick hasn’t gone unnoticed by market observers. Crypto analyst Michaël van de Poppe revealed on X that he entered a position at around $370, sharing an optimistic outlook with a price target above $1,000. His analysis highlights the Crypto x AI narrative as a key driver behind TAO’s upward potential.
$TAO is doing great.
— Michaël van de Poppe (@CryptoMichNL) February 20, 2025
June, last year, I decided to add this one to my portfolio at an average of $370.
Godo to be in profit on this position and I think that the Crypto x AI narrative will push this one past $1,000. pic.twitter.com/qrLyUoMjYm
What you'll learn 👉
Bittensor Chart Analysis and Key Price Levels
Van de Poppe’s six-hour TAO chart outlines crucial support and resistance zones. After a sharp decline from $680 to $280, the price established a strong base at $343.2. This level held firm, leading to a rebound and the formation of a higher low structure.
Resistance at $402.5 was broken, signaling renewed bullish momentum. The next major barrier is at $472.3, which analysts consider a crucial level before potential price discovery. If TAO clears this resistance, the price could quickly rally toward $500–$550. However, failure to hold above $472.3 may trigger a pullback to $402.5 or even $343.2.
With the RSI above 60, there appears to be considerable buying pressure. The indicator is in line with the current uptrend even though it is getting close to overbought territory. A spike in trade activity is bolstering the recent advance, and market sentiment is still strong. According to Van de Poppe, TAO may continue to rise if momentum continues, especially if the larger AI-driven cryptocurrency market picks up steam.
Read also: Cardano (ADA) to Rally as Key Support Holds—Here’s the Next Price Target?
TAO Breakout Potential Amid Major Exchange Listing
Crypto analyst Captain Faibik (@CryptoFaibik) has also weighed in on TAO’s performance. In a tweet, he noted a falling wedge breakout on the daily chart, predicting a bullish continuation. He sees the pattern as a sign of further upside, hinting at the potential for a strong rally in the coming days.
Adding to the growing anticipation, Coinbase’s decision to list Bittensor could act as a major catalyst for its price movement. The exchange announced today that TAO will be supported on the Bittensor network. Trading is scheduled to begin on February 20, 2025, assuming liquidity requirements are met. The listing will make TAO more accessible to both retail and institutional investors.
Coinbase will add support for Bittensor (TAO) on the Bittensor network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️ (@CoinbaseAssets) February 19, 2025
Historical trends show that increased liquidity and market exposure from big exchange listings, such as Coinbase, tend to raise prices. This listing could propel TAO nearer to $1,000, aligning with optimistic predictions from analysts. TAO’s debut on Coinbase boosts its market credibility and may speed up its rise due to the increasing interest in AI-driven cryptocurrency assets
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