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Bittensor tests breakout as AI market weakens

Bittensor tests breakout as AI market weakens

The artificial intelligence (AI) cryptocurrency segment is witnessing heightened volatility, with top tokens such as Near Protocol (NEAR) struggling to gain traction amid the persistent decline in January and February. The overall AI crypto market capitalization has contracted to $14.2 billion amid sticky risk-off sentiment. 

However, Bittensor’s bullish momentum stands out, as it approaches a key technical breakout level and defies the AI sector’s downtrend.

Bittensor rebounds as bulls regain control

The leading AI crypto token, Bittensor (TAO), is trading above $190 at the time of writing on Monday, as bulls build on support established around $140 last week. A price increase above the $200 threshold propelled TAO to $215 (intraday…

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