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.
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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