TAO Surges 9.71% in 24 Hours Amid Bullish Momentum

Bittensor’s native token, TAO, has demonstrated robust bullish momentum, with technical indicators and institutional investments aligning to suggest a potential breakout. The token has rebounded significantly from a key accumulation zone, reflecting renewed confidence in both the asset and the broader decentralized AI narrative. Market observers note that increased trading activity and improving technicals could support a sustained upward movement.

TAO is currently trading around $432, marking a 9.71% increase over the past 24 hours. Over the past week, the token has gained over 10%, indicating a steady return of bullish sentiment. A recent 13.88% spike on the 3-day chart shows TAO decisively bouncing from the $350 range. Crypto analyst Michaël van de Poppe identified the $350 zone as a crucial accumulation point, suggesting the rally is still in its early stages. He highlighted the $472–$475 range as the breakout level, after which a strong price impulse could push TAO toward $800.

Chart indicators reveal a bullish cup-and-handle formation developing from March to June, supported by growing volume and a steadily rising Relative Strength Index (RSI). Technical analysis identifies $340–$365 as a major support zone, where buyers have stepped in aggressively. Below that, the $276 area represents a historical low, now seen as a solid macro-level base. Van de Poppe’s annotated chart shows that breaking the $475 resistance with confirmation may initiate a macro uptrend. The RSI remains above 50, suggesting momentum is still on the bulls’ side. Volume spikes during upward moves, while remaining muted during pullbacks, further validate the accumulation thesis.

Market participants are now closely watching whether TAO can maintain upward pressure without triggering profit-taking at short-term resistance. In a recent development, Nasdaq-listed Oblong Inc. disclosed plans to raise $7.5 million to invest in TAO. The company aims to support the Bittensor ecosystem by scaling infrastructure and developing tools for decentralized AI. According to a statement, Oblong views TAO as a core asset for the future of open, collaborative machine intelligence. Their positioning of TAO alongside foundational assets like Bitcoin and Ethereum reflects rising confidence in Bittensor’s long-term potential.

Van de Poppe’s analysis remains focused on the $700–$800 target, pending confirmation of a clean break above $475. He noted that if volume accompanies the breakout, TAO could see a continuation of its current impulse wave. With both technical setups and institutional support lining up, the case for TAO’s extended rally appears increasingly grounded in fundamentals. For now, all eyes remain on the resistance zone. A breakout from this level may not only validate bullish projections but also reaffirm Bittensor’s role as a rising force in the AI-crypto intersection.