Bittensor Price Prediction: TAO Price at $213 Looks Dead, but Here's Why It Could Still Rally to $300

Key highlights:

• The TAO price is testing key support near $210, with $225 and $250 as the next resistance levels
• Bullish RSI divergence and a MACD crossover hint that selling pressure may be easing
• Growing market cap and easier fiat access could support TAO if resistance breaks

Bittensor is back at a level that has traders paying close attention. After dropping from almost $500 in April to about $211, the TAO price has lost more than 57% on the chart shared by crypto analyst 2xnmore and roughly 64% from the major daily high near $589. Even with that decline, several technical indicators are starting to hint that selling pressure may not be as strong as it was a few weeks ago.

 

That does not mean the downtrend is over. The chart still leans bearish. Even so, momentum indicators and growing interest in the Bittensor ecosystem are giving traders a few reasons to keep TAO on their watchlists this week.

The TAO price is testing an important zone

We had a look at the TAO chart shared by 2xnmore, and the first thing that stands out is where the market is trading. The TAO price is around $213, only about 2.1% below the 100-period simple moving average at $215.6. That gap is much smaller than it has been during most of the decline from April.

The trend itself has not changed. Price continues to print lower highs and lower lows, which remains the textbook definition of a bearish market. Every recovery since April has struggled to build enough strength to reverse that structure.

Fibonacci levels also show why this area matters. TAO is trading below the 0.886 retracement level near $214.4 but remains above the major extension support around $186.6. That leaves the market caught between resistance overhead and a key support zone underneath.

4-hour TAO chart analysis

If buyers manage to reclaim the area between $214 and $216, attention would immediately move toward $225. Beyond that, $250 becomes the next level that could begin changing market sentiment. If sellers regain control and push the TAO price below $210, the next support zone sits between $200 and $186.

The 4-hour Relative Strength Index is reading 47.18. That remains below the neutral 50 level, though it has been forming higher lows even as price continued making lower lows. This type of bullish divergence often appears when selling pressure begins fading. 

The Moving Average Convergence Divergence indicator is also becoming more constructive. Its MACD line has crossed above the signal line, creating a bullish crossover below the zero line. Traders often pay close attention to this setup because stronger reversals frequently begin from deeply negative momentum rather than after a market has already recovered.

Daily TAO chart analysis

The daily chart tells a similar story. The daily RSI is at 42.85 and is still below the neutral range, although higher lows have been formed amid the overall downtrend. At the same time, the 100-day MA is significantly higher at $257.7 and TAO is around 18% below one of its major resistances. That means any recovery still has plenty of work ahead before the broader trend changes.

TAO market cap growth adds another piece to the puzzle

On-chain data from Glassnode is also showing some improvement. TAO's market capitalization climbed from roughly $1.93 billion to about $2.08 billion before easing slightly. The increase happened alongside price stabilization near the current range instead of another large sell-off.

Price and market capitalization have been moving together, indicating fresh capital has been entering the market instead of simple price fluctuations caused by low liquidity. Another statistic still deserves attention. TAO remains more than 71% below its all-time high based on drawdown data. 

Even after the latest recovery attempt, the token continues trading roughly 72% below its record levels. Markets at these drawdown levels often attract investors looking for higher-risk recovery opportunities. They also carry elevated downside risk if support eventually fails.

Easier access could support the TAO price

Fundamentals are also improving. Alchemy Pay has added TAO to its fiat on-ramp service, allowing eligible users to purchase Bittensor directly using traditional payment methods such as bank transfers and payment cards instead of buying stablecoins first and swapping into TAO.

That may sound like a small change, but easier access removes one of the biggest obstacles for new users entering the Bittensor ecosystem. Availability still depends on local regulations, payment methods, regional licensing, transaction limits and Know Your Customer requirements. Even so, reducing friction often helps improve liquidity over time.

The TAO price will not move higher simply because another payment provider lists the token. Demand still depends on how much activity continues inside Bittensor's decentralized AI network and how many users decide to participate through staking, subnet activity and other ecosystem functions.

Can the TAO price break higher this week?

The technical picture is becoming more balanced than it was earlier in the summer. Momentum indicators have improved. Market capitalization has expanded modestly. New fiat access through Alchemy Pay could gradually make the network easier to access for new participants.

None of those developments erase the broader downtrend. The most important level remains the 100-period moving average around $215.6 on the 4-hour chart. Clearing that resistance would put $225 into focus, followed by $250 if buying activity continues building.

Failure to hold the current support zone would place attention back on $200, with $186 remaining the next major downside level.

According to CoinCodex's 1-month TAO price prediction, the price could trade around $161.68 over the next month, pointing to the possibility of a deeper pullback if buyers fail to reclaim the $225 resistance and build enough momentum to challenge the $250 trend-breaker.

For now, the TAO price is sitting near one of its biggest decision points in months. The coming sessions should reveal whether improving momentum can finally interrupt the multi-month bearish trend or whether sellers still have enough control to extend the decline further.