Bittensor (TAO) seeks a reversal following its recent listing on the Upbit exchange.
The third week of February began with a mix of technical recovery and persistent negative sentiment. In this context, identifying altcoins at risk of liquidation is essential for traders looking to ride the wave of volatility in assets like DOGE, TAO, and XRP.
Regarding XRP, the liquidation map reveals that long positions outweigh short ones, accumulating risks of up to $200 million if the price drops to $1.30. Additionally, selling pressure has been detected directly from the South Korean exchange Upbit, coinciding with the festivities in Asia.
We also have Dogecoin (DOGE), which shows mixed signals despite the community’s excitement over a potential integration into X Money. In this regard, data from Nansen reveals a sharp increase in tokens sent to exchanges, suggesting that many investors are taking advantage of the rebound to exit.
On the other hand, Bittensor (TAO) was listed on Upbit on February 16, which could mean a bullish debut boost. If the price manages to break the $283 barrier, it is estimated that liquidations of short positions could exceed $13 million.
Analyst Michaël van de Poppe suggests that AI and Crypto protocols are essential in current portfolios. He indicated that TAO could experience a reversal toward the $300 zone, capitalizing on long-term support and new institutional liquidity.
In summary, the outlook for these altcoins at risk of liquidation will depend on buyers’ ability to absorb selling pressure. While XRP and DOGE struggle against profit-taking, TAO positions itself as a recovery option amid renewed interest in artificial intelligence.
