The post Bittensor Price Prediction: Analysts Say Ignoring This TAO Level Could Be a Costly Mistake appeared on BitcoinEthereumNews.com. Key highlights: The TAOThe post Bittensor Price Prediction: Analysts Say Ignoring This TAO Level Could Be a Costly Mistake appeared on BitcoinEthereumNews.com. Key highlights: The TAO

Bittensor Price Prediction: Analysts Say Ignoring This TAO Level Could Be a Costly Mistake

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Key highlights:

  • The TAO price is hovering just below the $200 area after a steep pullback from its previous highs.
  • On-chain data shows Bittensor’s market cap starting to stabilize, which could mean the worst of the selling pressure is fading.
  • Analysts are paying attention to the project’s infrastructure growth and tightening supply as possible drivers for the next move.

TAO is sitting around $185 at the time of writing, and that level is starting to catch the attention of some analysts. Bittensor once traded close to $745 during the 2024 AI hype cycle, but the correction that followed has pushed the TAO price more than 70% below that peak.

Crypto analyst Laura Crypto believes the area below $200 could eventually look very cheap if Bittensor keeps expanding the infrastructure behind its network. Her view focuses less on market hype and more on the actual systems the project continues building.

In her opinion, the zone around $192 looks more like a discounted entry than a collapse. Markets often chase faster-moving speculative tokens, leaving infrastructure projects overlooked for a while before attention eventually rotates back.

Analyst focuses on Bittensor’s infrastructure

Laura Crypto’s thesis centers on what Bittensor is actually building across its ecosystem. Her analysis highlights several components already operating within the network. These include decentralized storage systems, GPU rental markets, code auditing services, and tools that allow brands to verify engagement data on-chain.

The subnet ecosystem has also expanded rapidly. Bittensor previously operated with around 128 subnets and has since grown to more than 250. This expansion increases the range of applications running on the network and strengthens its overall infrastructure.

Another key factor is Bittensor’s supply structure. The project has a maximum supply of 21 million tokens. If staking demand continues increasing, the circulating supply available on exchanges may become tighter.

In environments where demand rises alongside constrained supply, price movements can accelerate. Laura Crypto believes ignoring the TAO price below $200 could eventually look like a missed opportunity if the network continues expanding at its current pace.

On-chain data shows the TAO price starting to stabilize

Glassnode data gives a better sense of what’s happening behind the scenes. Bittensor’s market cap has been hovering between about $1.7 billion and $1.8 billion recently, with the TAO price moving in a relatively tight range between $176 and $187. That kind of behavior usually points to consolidation instead of the sharp drop we saw earlier.

This often happens after a big selloff. The intense selling pressure starts to fade, volatility cools down, and the market begins settling into a temporary balance between buyers and sellers.

Another Glassnode chart shows the TAO price still sitting roughly 75–76% below its all-time high. Pullbacks that deep are common after strong rallies, and right now, the market looks like it’s simply digesting the earlier move and trying to find a stable footing.

Daily and 4-hour charts show the TAO price compressing inside a consolidation range

When we look at the daily chart, the bigger picture becomes pretty clear. The TAO price is still dealing with a descending trendline that connects several lower highs formed after the previous peak. As long as that line holds, the broader downtrend technically remains intact. 

Above it, the chart shows additional resistance areas around $300, $400, and even $540, but before any of that comes into play, the TAO price first needs to reclaim the $200 region.

Daily TAO price chart analysis

Zooming out also helps explain how this current structure developed. After the rally that pushed Bittensor close to $700, the market entered a long correction that gradually pulled the TAO price lower over the following months. That decline eventually turned into a wide consolidation zone that now defines the chart.

Inside that range, the TAO price has mostly moved back and forth between resistance near the top and support near the bottom. This kind of sideways action often shows up after strong rallies. The market usually needs time to cool off and reset before deciding where it wants to go next.

At one point, the TAO price briefly slipped below the lower boundary of that range. The drop created a sharp wick before the price quickly bounced back. Moves like that sometimes get viewed as bear traps, where sellers get flushed out before the market stabilizes again.

4-hour TAO price chart analysis

Looking at the 4-hour chart gives a clearer picture of the current setup. The TAO price has been trading inside a tighter consolidation box, with support around the $140–$150 region where buyers stepped in several times during the correction. Above the market, that same descending resistance is still sitting near the $200 area, keeping the price compressed for now.

What comes next for the TAO price

For now, the TAO price sits in a consolidation phase after a large correction from previous highs. Support remains strongest around the $140 region where buyers have defended the market multiple times.

On the upside, the key level remains the descending resistance near $200. A breakout above that level would mark the first real structural improvement in the TAO price since the decline began. If that breakout happens, the market could begin targeting higher resistance zones which previously acted as major trading areas. 

According to CoinCodex’s one-month TAO price prediction, the token could move toward the $139.51 level. In other words, the model points to the possibility of further downside from current levels, meaning the TAO price may need to hold key support zones before any stronger recovery attempt can take shape.

Source: https://coincodex.com/article/82682/bittensorprice-prediction-analysts-say-ignoring-this-tao-level-could-be-a-costly-mistake/

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