Bittensor (TAO) Gains Momentum, Could Surge to $1,000 Amid Major Exchange Listing

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

Bittensor (TAO) is gaining momentum as analysts anticipate a potential breakout past key resistance levels. With the Crypto x AI sector continuing to garner interest, traders are keeping a close eye on TAO’s price action.

At the time of writing, TAO is trading around $457.49. According to CoinGecko, the token has seen strong momentum, gaining 15.15% over the day and 17.17% over the past week.

The uptick in TAO’s price has not 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. In his analysis, he highlights the Crypto x AI narrative as a key driver behind TAO’s upward potential.

$TAO is doing great.

June, last year, I decided to add this one to my portfolio at an average of $370.

Good 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

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, indicating 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.

TAO Breakout Potential Amid Major Exchange Listing

Another crypto analyst, Captain Faibik (@CryptoFaibik), has also commented on TAO’s performance. In a tweet, he highlights a falling wedge breakout on the daily chart, anticipating a bullish continuation. This technical pattern is often used to predict 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. In an announcement today, the exchange revealed that TAO will be supported on the Bittensor network. Trading is set to begin on February 20, 2025, subject to meeting liquidity requirements. This listing will make TAO more easily 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.

According to historical trends, increased liquidity and market exposure from big exchange listings, such as Coinbase, usually lead to price increases. This listing could propel TAO closer to $1,000, aligning with optimistic predictions from analysts. TAO’s debut on Coinbase will bolster its market credibility and could accelerate its rise amid the increasing interest in AI-driven cryptocurrency assets

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