Bittensor (TAO) is consolidating after strong weekly gains, last trading at $187.27. The token broke above a key descending trendline, shifting its short-term structure to bullish as it tests resistance near $190-$200. Concurrently, a new listing on the Upbit exchange has expanded global trading access and liquidity for the asset.
Bittensor (TAO) is consolidating after a recent upward move, with price action stabilizing in the short term. The token delivered a strong weekly performance, climbing 16.1% amid improving market conditions.
Market data from CoinMarketCap shows the token trading at $187.27, supported by a 24-hour trading volume of $305 million. The market capitalization remains stable at approximately $2 billion.
According to the crypto analyst Whale Factor, the 6-hour chart reveals TAO broke above a descending resistance near $170. This breakout flipped the short-term structure bullish and pushed price toward the $190–$200 area.
The Fibonacci levels indicate possible upside resistance around $205, $240, and the $265-$270 region. A break below the $170-$175 level may lead to a test of the $150 support zone.
A new trading option for Bittensor has been launched on Upbit, opening deposits in KRW, BTC, and USDT. The exchange implemented initial safeguards including limiting buys and allowing only limit orders.
Increased exchange access on Upbit may accelerate the flow of liquidity for TAO traders. Consolidation near $190-$200 will determine whether the token maintains its breakout or moves back to test lower support levels.
