TAO Explodes 9% Toward $200 Breakout as Bulls Challenge Critical Resistance

• TAO trades at $196.18 after a 9.4% daily gain, bringing the asset close to the $198.04 resistance level.

• The chart shows a rebound from the $130–$170 accumulation zone, where buyers previously stepped in.

• The RSI standing off 60, and the price interaction with the moving average imply that there is increasing short-term momentum.

Bittensor price increased in the recent trading session as the purchase of the asset brought it closer to a major technical level. TAO was trading at $196.18, and it has risen by 9.4 percent in the last 24 hours. The change also raised its BTC pair to 0.002902 BTC which is a 9.7 percent increase in the same period. The market, even after the rally, is still at the level directly below a specific resistance mark of $198.04 with the closest support level being at $174.32. The existing range puts emphasis on a tightening structure where the price moves in close to the closely followed level of $200.

Price Recovery Develops After Multi-Month Decline

The TradingView chart shows that TAO previously experienced a prolonged downward movement after peaking above $440 in late 2025. After that peak, the asset entered a sustained correction that lasted several months. During that period, successive lower highs and lower lows formed across the chart.

Nonetheless, the price activity started stabilizing in early February. The curve indicates that there is a green accumulation area of about $130 to $170. It is important to note that a number of candles were created in that area suggesting that they interacted with that area multiple times.

After touching the lower section of the zone, the asset rebounded sharply. Buyers gradually pushed the price higher through mid-February and early March. As a result, TAO moved back toward the $190 area, where the market now consolidates.

Moving Average and RSI Show Gradual Momentum Shift

The chart also includes a blue moving average line, which tracks the broader trend direction. For several months, the price remained below this average. This has seen candles however intersecting with the line more often in the recent past. This transformation is an indication of the short term movement with the price moving upwards to resistance.

Source: (X)

In the meantime the Relative Strength Index (RSI) is presented in the upper part of the chart. The indicator is currently on the verge of the 60 level, which is above the neutral midpoint. The preceding readings were ranging between 40 and 50 in the decline. Thus, the momentum of the current position is better than that of the past weeks. Together, the moving average interaction and RSI recovery show a gradual transition from sustained selling pressure to short-term upward movement.

Resistance at $198–$200 Defines Immediate Price Direction

The focus of price action has shifted to the resistance band between the psychological level of $200 and $198.04. The chart identifies this space as a horizontal line of resistance, which goes in line with the current price action. In case buyers continue gaining momentum in the above area of $196, TAO might reach the resistance of 198 in the present session. Any further push would put the barrier of $200 right into the limelight according to analyst CryptoMichN.

Strength is back on some assets! $TAO is turning upward and faces a crucial resistance point: the $200 barrier.

Given that AI <> Crypto is becoming stronger and stronger, I would assume that both $NEAR and $TAO willpick up a lot of momentum.

They are my biggest positions… pic.twitter.com/KLJrmFtipK

— Michaël van de Poppe (@CryptoMichNL) March 9, 2026

The market may however revert to downside pressure in case of failure to sustain recent gains. The first level traders watch in that scenario will be close to $174.32 which will act as the immediate support. The short-term structure that is observable in the chart today entails movement between these levels.