Coinspeaker
Bittensor (TAO) Maintains Bullish Outlook amid Market Shakeouts: New ATH Soon?
Bittensor
TAO
$415.0
24h volatility:
3.7%
Market cap:
$3.49 B
Vol. 24h:
$232.49 M
has remained bullish, soaring almost 2% in the past 24 hours, while the broader digital asset space found no relief from substantial selloffs. With Bitcoin failing to reclaim the 20-day Exponential Moving Average (EMA), most of the altcoins turned red, but TAO remained a popular buy, printing its daily high at $446.41.
TAO is trading at $429.98 at press time and is testing the support at the 20-day EMA, which stands at $420. In order for Bittensor to maintain this bullish outlook, the altcoin needs to retain this support level while eyeing a massive price surge towards the $450 price tag. The 20-day EMA was reclaimed following a 20.18% surge in TAO’s price in the last seven days.
James Ross, an angel investor in Ethena Labs, EigenLayer, and other crypto projects, noted in a post on X (formerly Twitter) that Bittensor has attracted the attention of venture capitalists. Citing a statement from a VC, Ross stated that the AI protocol is a valuable project for developers working in the artificial intelligence and crypto spaces.
A top VC just told me…
Bittensor is like Virtuals but for smart people who can actually build AI $tao dtao
for the record i have positions in TAO, Subnet 50 (below) + a few virtuals agents pic.twitter.com/X3H0GPh1qg
— James Ross 🟡 (@JRossTreacher) February 19, 2025
Further, the recent introduction of subnet tokens via Bittensor could turn out to be the “next generational opportunity,” claimed a market participant, “hitesh.eth.” The developer noted that some of the most useful subnets, like OpenKaito, Sturdy, Synth, Masa, and Infinite Games, have all seen successful token launches alongside the TAO token. They predicted that “a few Bittensor subnet tokens might see 50–100x gains in the coming weeks.”
Bittensor (TAO) Price Analysis
Analyst Michael van de Poppe confirmed that he holds TAO in his personal portfolio and has even earned a profit on the cryptocurrency. He added that a retest of low $400 price levels could ultimately result in the TAO token soaring massively.
Another analyst, “Kings Charts,” predicted new all-time highs for TAO, with $370-$350 being a favorable buy zone for the cryptocurrency.
Source: TradingView
The Relative Strength Index on the daily chart provided by TradingView below reads a value of 55.36, which means that the bulls are dominating the price action of the Bittensor token. Further, the gradient of the line suggests consolidation around the current levels. On the other hand, the MACD indicator remains bullish with the MACD line (blue) being above the signal line (red). The MACD histogram is also green, indicating substantial demand among buyers.
Bittensor (TAO) Maintains Bullish Outlook amid Market Shakeouts: New ATH Soon?
