Bittensor's TAO Surges 8.796% on Bullish Momentum, AI Token Outlook Brightens

Generated by AI AgentCrypto Frenzy
Sunday, Apr 20, 2025 7:54 pm ET1min read

Bittensor's latest price was $316.74, up 8.796% in the last 24 hours. This surge was driven by a relief rally following a retracement to pre-election support levels. The asset initiated a relief rally, confirmed by four consecutive bullish daily closes, each establishing higher highs and breaching intermediate supply zones. On the momentum front, the Relative Strength Index (RSI) showed a bullish divergence relative to prior local highs, underscoring a potential momentum shift favoring the bulls and suggesting underlying strength in buying pressure. From a macro perspective, the move reinforces the thesis of AI-native tokens outperforming in a risk-off environment, particularly as high-cap legacy assets consolidate or underperform with subdued weekly returns. Additionally, the TAO/BTC pair has reclaimed its early-March horizontal resistance, flipping it into new-found support, thereby adding confluence to the current bullish structure. Taken together, these technical developments position TAOTAOP-- for a potential continuation leg higher in the upcoming sessions.

Bittensor aims to open machine-learning markets by rewarding contributors who train neural nets. TAO grabbed headlines early, but building a truly decentralized AI platform has proved tougher and slower than marketing copy suggested. Growth has been steady rather than meteoric; nonetheless, as blockchain and AI converge, Bittensor’s niche could shine. Collaborations with research groups and incremental upgrades show the team is iterating rather than stalling. If AI-on-chain demand spikes, TAO might leap from underdog to leader, making it one of the cryptos to dominate the AI-crypto crossover in the coming years.

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