Bittensor (TAO) is currently consolidating after its recent upward move, as of 16 February 2026, with price action stabilizing in the short term. Over the past 24 hours, the token has remained largely stable, signaling sustained buying interest.
On a broader scale, TAO delivered a strong weekly performance, climbing 16.1% amid improving market conditions and rising trader participation.
Market data from CoinMarketCap shows the token is trading at $187.27, supported by rising market activity. The 24-hour trading volume stands at $305.07 million, reflecting a 65.19% daily increase.
Meanwhile, market capitalization is valued at $2 billion, remaining stable over the same period as market momentum continues to build.
Also Read: Bittensor (TAO) Price Stalls Near $191 as Support–Resistance Range Tightens
Technical Breakout Reshapes Price Structure
According to the crypto analyst Whale Factor, the 6-hour chart reveals TAO spent several weeks in a controlled downtrend following rejection near the $300 region.
Sellers maintained pressure through lower highs until buyers defended the $142–$145 support zone multiple times, creating a price base that slowed the decline.
Momentum shifted when TAO broke above the descending resistance near $170, flipping short-term structure bullish.
The breakout quickly pushed the price toward the $190–$200 area before entering consolidation. This pause signals profit-taking while bulls attempt to sustain control for a continuation rally.
The Fibonacci levels are now indicating the possible targets for the upside. The first level of resistance is seen around $205. If the price is able to move past this level of resistance, it could open up the way to $240, and a strong bullish move could take it to the $265-$270 region. On the other hand, a break below the $170-$175 level may lead to a test of the $150 support level.
Exchange Access Expands Market Participation
A new trading option for Bittensor (TAO) has been launched on Upbit, and this launch opens opportunities for deposits in KRW, BTC, and USDT. Deposits are possible in approximately ninety minutes, and trading begins today at 16:00.
It is essential to choose the right network to ensure the safety of transactions and smooth operation in the market for all eligible participants.
The initial safeguards include limiting buys, preventing cheap sales, and allowing only limit orders. The utility of TAO in payment, staking, delegation, governance, and the decentralized AI market on Bittensor is determined by the CoinMarketCap prices, deposit conditions, travel compliance, and wallet verification to ensure that users are not affected by delays in the processing of high-value transactions across the globe.
Why This Matters
Increased exchange access on Upbit may accelerate the flow of liquidity, and this may increase volatility for TAO traders, who are currently trading at $187.27.
Consolidation in the region of $190-$200 will determine whether TAO maintains its breakout at $205, $240, and possibly $265-$270, or moves back to test support at $150-$175.
Also Read: Bittensor (TAO) Drops 2.77%, Could Bulls Push It to $320 Next?