$TAO Looking to Bounce Back: Is Now the Time to Buy?

$TAO is currently priced at $259, with a market cap of $2.2 billion, experiencing major swings from $220 to over $700 in recent months.
A breakout above $275-$280 could signal a stronger recovery, with upside targets around $340 if momentum builds.
Investor sentiment is cautious, impacted by AI stock declines and macroeconomic concerns, but Bittensor’s continued development could restore confidence.

Bittensor ($TAO)

Bittensor ($TAO) is a decentralized blockchain network that incentivizes users to contribute computing power for training AI models, rewarding participants with $TAO tokens based on their model’s performance and contribution.

Price Movements

With a market cap of $2.2 billion and a current price of around $259 Bittensor has experienced major price fluctuations over the past year. However, it is important to highlight its sharp swings, with the price dropping to $220 mid-year before surging past $700 in December. This surge reflects heightened market interest, and while the price has pulled back, traders remain watchful for its next big move.

Credit: CoinGecko

Price Predictions

Recently, $TAO briefly dipped below its $220 support level, reaching $214 before rebounding. Despite this setback, analysts remain cautiously optimistic. They highlight the potential for a recovery if broader AI-related assets show strength. Key levels to watch include the $275-$280 range, which could confirm a stronger bounce, with potential upside targets around $340 if momentum builds.

Bittensor 3 day chart technical analysis

Market Sentiment and Developments

Investor sentiment around $TAO has weakened, largely due to the recent drop in AI stocks and broader market sell-offs triggered by tariff war concerns and recession fears. However, Bittensor continues to advance its developments, which could help restore investor confidence as the project progresses.