Bittensor (TAO) price prediction: Can TAO reach $240 this month?
Will Bittensor (TAO) surge to $240? Crypto AI is gaining momentum, but a pullback to $170 is possible. Get the latest TAO price analysis now!
Will Bittensor (TAO) surge to $240? Crypto AI is gaining momentum, but a pullback to $170 is possible. Get the latest TAO price analysis now!
After weeks of stagnation where the AI sector saw its market cap melt by more than 30%, the tide seems to be turning. Since February 12th, a massive renewed interest in altcoins has propelled assets like Render (RENDER) and NEAR Protocol upward. Bittensor is not to be outdone, displaying an impressive rally of nearly 31% over this period, benefiting from capital rotation as Bitcoin’s dominance slightly erodes.
Currently, TAO’s price is hovering around $190, marking a pause after its meteoric rise. This technical correction, while healthy, places the token at a decisive crossroads. Investors are now watching whether this movement is simply a technical bounce in an underlying bearish trend, or the beginning of a genuine bull run for AI cryptos.
Despite the ambient optimism, TAO’s long-term structure remains technically bearish as long as the price hasn’t closed within the old 2-year range above $217. However, in the short term, indicators show a willingness to recover. The recent rejection at the local supply zone at $202 has driven the price downward, and the charts signal a critical imbalance zone around $170.

This support level coincides perfectly with the 20 and 50-period moving averages (H4). It is therefore highly likely that TAO will come to test the $165 – $175 zone to fill this gap before attempting a new bullish breakthrough. If buyers defend this level and break the order block at $206, Fibonacci extensions point to $241.4 and $268.2 as the next major resistances to overcome.

The scenario favored by analysts relies on a technical rebound. If TAO manages to stabilize above $170, the path toward $241 appears open, supported by the growing AI narrative. A clean break of this level would validate a resumption of medium-term bullish momentum.
Conversely, a drop below $165 would invalidate this thesis and could send the token toward worrying lows. With expected volatility on the rise, caution is warranted.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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