AI Crypto Momentum Builds: TAO and NEAR Prices Eye a Major Breakout
The post AI Crypto Momentum Builds: TAO and NEAR Prices Eye a Major Breakout appeared first on Coinpedia Fintech News
AI-focused cryptocurrencies are attempting a mild recovery after facing extended selling pressure in recent months. While the broader market structure remains cautious, recent price action in Bittensor (TAO) and NEAR Protocol suggests that buyers may be slowly stepping back into the market.
Both assets are currently testing crucial resistance levels that could determine whether the recovery continues or stalls.
TAO Price Attempts Recovery From Key Support
TAO recently rebounded from the $138 support zone, which has acted as a strong demand area during the latest correction phase. After forming a local bottom, the price has started to create higher lows, supported by a rising trendline. Currently trading near $194, TAO appears to be building short-term bullish momentum. However, the asset faces a strong resistance zone near $220, which previously acted as support before the breakdown.
As seen in the above chart, the price is rising along the ascending trend line, which has been acting as a strong support zone. The RSI & OBV have displayed a bullish divergence, hinting towards a bullish continuation. Therefore, if buyers manage to push the price above this level, TAO could attempt a recovery toward the next resistance around $240–$250. On the downside, losing the $186 support may weaken the current structure and expose the price to another decline toward $138.
NEAR Price Eyes Breakout After Downtrend
NEAR Protocol price is also attempting to stabilize after a prolonged downtrend. The asset recently bounced from the $1.00 demand zone, suggesting that buyers are defending the lower levels. At present, NEAR is trading near $1.24 and approaching a key resistance level around $1.41. This area previously acted as support before turning into resistance following the breakdown.
If the price manages to reclaim $1.41, the recovery could extend toward $1.66, where another major resistance zone lies. However, failure to break this level may keep the broader bearish structure intact.
The NEAR price has been sustained above the 50-day MA despite facing significant upward pressure. Besides, the RSI has shifted to a recovery mode, which suggests the rally is gaining strength. Hence, the NEAR Protocol price is expected to surge above $1.41 and reach $1.5, opening the path to $1.8 to $2. On the flip side, the rally is likely to plunge below $1 and remain consolidated.
Conclusion
Both TAO and NEAR prices appear to be entering a potential recovery phase after extended corrections. However, the next move for both assets will largely depend on whether buyers can successfully reclaim the nearby resistance levels.
A breakout above $220 for Bittensor and $1.41 for NEAR Protocol could confirm stronger bullish momentum, while continued rejection may keep both tokens trading within their broader consolidation ranges.
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