Bittensor's TAO Surges 1.56% as Institutional Backing Boosts AI-Crypto Hopes

Bittensor's latest price was $426.40, up 1.556% in the last 24 hours. Bittensor, a decentralized AI network, has been gaining significant attention in the cryptocurrency space due to its innovative approach to machine learning and artificial intelligence. The network's native token, TAO, has shown strong bullish momentum, driven by technical patterns and institutional interest. Analysts are optimistic about the potential for a breakout, which could lead to a surge in the token's value. The recent rebound from a key accumulation zone has further bolstered confidence in the asset and the broader decentralized AI narrative.

One of the key factors contributing to the bullish sentiment around Bittensor is the technical analysis of TAO. The token has formed a bullish cup-and-handle pattern, which is a positive indicator for traders. This pattern, supported by growing volume and a steadily rising Relative Strength Index (RSI), suggests that the token is poised for a significant upward move. The $340–$365 range has been identified as a major support zone, where buyers have stepped in aggressively. Below this, the $276 area represents a historical low, now seen as a solid macro-level base.

Crypto analyst Michaël van de Poppe has highlighted the $350 zone as a key accumulation point, suggesting that the rally remains early in its cycle. He identified the $472–$475 range as the breakout level, after which a strong price impulse could push TAO toward $800. Van de Poppe’s annotated chart shows that breaking the $475 resistance with confirmation may initiate a macro uptrend. The RSI remaining above 50 suggests that momentum is still on the bulls’ side, and volume spikes during upward moves further validate the accumulation thesis.

Institutional backing has also played a crucial role in boosting confidence in Bittensor. Nasdaq-listed Oblong Inc. has 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. Oblong views TAO as a core asset for the future of open, collaborative machine intelligence, positioning it alongside foundational assets like Bitcoin and Ethereum. This reflects rising confidence in Bittensor’s long-term potential and its role in the AI-crypto intersection.

The strategic investment by Oblong Inc. is part of a broader trend of institutional interest in Bittensor. The company's goal is to make a meaningful contribution to the Bittensor ecosystem by building tools and scaling infrastructure. This support from a Nasdaq-listed company underscores the growing recognition of Bittensor's potential in the AI space. The investment is expected to help grow the ecosystem by providing the necessary resources and tools for decentralized AI development.

Market participants are now closely watching whether TAO can maintain upward pressure without triggering profit-taking at short-term resistance. The case for TAO’s extended rally appears increasingly grounded in fundamentals, with both technical setups and institutional support lining up. A breakout from the current resistance zone may not only validate bullish projections but also reaffirm Bittensor’s role as a rising force in the AI-crypto intersection. For now, all eyes remain on the resistance zone, as a successful breakout could signal the start of a new phase in the token's growth.