Bittensor TAO token holds near $196 as market eyes September Exploit Summit in Montreal

The TAO token of the Bittensor network is trading around $196, positioned in a multi‑year demand zone between $166 and $216. Technical analysis notes a descending channel with key support at $182; a breakout could push the price toward $240, while weakening demand may pull it back toward $166. Broader crypto market weakness and macro‑economic pressures continue to influence the token’s trajectory.

Separately, the OpenTensor Foundation announced that Bittensor’s annual Exploit Summit will take place on September 28‑29 in Montreal. The event will bring subnet owners, builders, investors and long‑time contributors together to discuss the network’s future and potential developments.