Bittensor Price Hinges on Key $260 Resistance Level
The price of Bittensor (TAO) is approaching a crucial level that could determine its next major move. Analyst Crypto Rand has identified $260 as the key resistance to watch, with a break above this area potentially triggering a broader bullish reversal and opening up higher targets such as $290, $330, and eventually $400.
Bittensor's subnet economy is also undergoing changes, which could impact the token's price. The network has introduced a new system that reduces rewards for subnets with weaker market demand and allocates more emissions to those performing above a certain threshold. This change may make the network more efficient, but it also raises concerns about concentration risk.
The accuracy of Bittensor's reported AI revenue is also being questioned, with an independent estimate placing full-year revenue at roughly $3 million to $15 million, far below the quarterly figure being circulated. If subnet activity fails to produce genuine customer revenue, the token's price may struggle to maintain a sustained recovery.