Binance Japan Lists Bittensor (TAO) as Token Rebounds - $412 Target in Sight
Binance's Japanese arm just threw another AI token into its trading arena.
The Exchange Gambit
Binance Japan continues its aggressive expansion, onboarding Bittensor's TAO token for spot trading. This move follows the platform's strategic push to capture market share in a region known for its stringent Financial Services Agency (FSA) oversight. Adding a decentralized AI project signals a clear play for the tech-forward investor.
TAO's Technical Turnaround
The listing news coincides with a notable recovery for TAO. After a period of consolidation, the token is showing renewed momentum. Chart analysts are now eyeing that psychological $412 level as the next major resistance—a number that's suddenly looking less like a pipe dream and more like a near-term target. The classic crypto narrative of 'exchange listing as a catalyst' is playing out in real-time.
Why This Move Matters
It's not just about adding another ticker. This is about legitimacy and liquidity. A Binance listing, even on a regional arm, acts as a massive liquidity funnel. For Bittensor, it means exposure to one of the world's most active trading bases. For traders, it's another speculative vehicle wrapped in the buzzwords of artificial intelligence and decentralization—the kind of combo that moves portfolios, for better or worse.
The market's always happy to embrace a good story, especially when it comes with a fresh trading pair and a clear price target. Just remember: in crypto, every 'strategic milestone' is ultimately measured in satoshis and screen-green—a truth that tends to humble even the most compelling narratives.
TAO Turns Bullish After Sharp V-Shaped Recovery
However, the crypto analyst, Alex Clay, highlighted that TAO is now experiencing new market interest as it has printed out a V-shaped recovery below a key level of support. There was a brief break that caused concern among market players, but the market absorbed the buying interest rapidly. This can be seen as a liquidity sweep, as the market recovered rapidly from the break, strengthening the short-term upward trend in today’s global trading activity.
Source: X
Now, there appears to be some support for momentum building; market traders are now speculating on the continuation of the token to retake other price levels. For positive market conditions to continue, the first target mark will be set at $412, and then the next level will be centered around the price of $467. Consistent trading activity and clear market patterns will be crucial to confirm further price growth in the short to mid-term for the participants.
Momentum Indicators Shows Early Signs of Strength
Technically, price action on the chart is dominated by a medium-term downward trend, followed by a bounce up from the trough. Price reached a high of approximately 500 in early November and then started falling consistently, reaching a low around 220-230 in December. However, the subsequent bounce is accompanied by current price stagnation NEAR the resistance level of 280. This area previously acted as support and now limits momentum.
Source: TradingView
The momentum indicators suggest a sense of recovery, though lacking confirmation. RSI is above 50, indicating that there is improvement in bullish momentum, though it is still weaker compared to previous levels. It is also indicated that the moving average is struggling to regain momentum. A bullish crossover is seen in the MACD, along with a positive histogram, indicating that there is momentum in the positive direction, though a breakout is less likely.
Also Read: Bittensor Price Prediction: Is a Rally Toward $300 on the Horizon?
