TAO on the Edge: Will $360 Support Hold or Break Down?

• TAO tests $360 as support while bulls defend key technical zone.
• Trading volume spikes 18.70%, signaling active market repositioning behavior.

Bittensor’s TAO token is drawing increased attention as it hovers near a key price level. Crypto analyst Crypto Tony noted in a recent update that TAO/USD is testing a crucial horizontal zone on the weekly chart. 

The $360 level has emerged as a vital retest point, acting both as historical resistance and support. Current market activity suggests that bears are closely watching this area, hoping for a rejection that could send TAO back into its lower trading range.

The technical setup reflects a turning point. If bulls manage to stay above $360, the market could maintain upward strength. However, a rejection from this zone might invite renewed selling and downward movement. 

Yearly Price Action Signals Market Hesitation

At the time of writing, TAO is trading at $367.13, as per the latest figures from CoinMarketCap. This price marks an 11.39% decline over the last 12 months. Early 2025 brought a dip, followed by a recovery attempt. The token’s price now faces resistance near the $370 mark, where momentum appears to be slowing.

Despite recent upward pushes, bearish pressure has resurfaced. TAO’s price has failed to hold above key resistance levels for long periods. The recent 18.70% rise in 24-hour trading volume, which reached $106.47 million, shows that market participants are actively repositioning. 

Bittensor Benefits from AI Sector Momentum

Bittensor’s broader narrative continues to benefit from industry developments in artificial intelligence. The token saw a price surge after Elon Musk renewed focus on OpenAI. At the same time, Coinbase announced its support for TAO, drawing more exposure to the asset. These events positioned Bittensor in the spotlight as decentralized AI gains traction.

Bittensor operates a blockchain that rewards machine learning models for contributions to a shared network. This unique framework places TAO at the center of decentralized AI discussions. 

As mainstream interest grows, Bittensor is increasingly viewed as a leading protocol in this space. The combined influence of public figures and platform support has sparked renewed interest in the project.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.