TAO Up 1% as Synaptogenix Allocates $100M and Subnet 39 Soars 655%

Bittensor (TAO) price currently trades at approximately $431.53, reflecting a marginal gain of over 1% on the day. However, 24-hour trading volume has declined by 7.4%, settling at $200 million, indicating reduced short-term trading activity [1]. The altcoin’s performance aligns with broader market dynamics, as Bitcoin dominance rises to 60.84%, and the Fear & Greed Index dips to 67, signaling cautious sentiment among investors [1].

Despite the drop in volume, institutional interest in TAO remains robust. Synaptogenix has allocated $100 million worth of TAO to its treasury, while the xTAO token’s listing on the TSX has enhanced its visibility. These developments underscore growing ecosystem support [1]. On the network front, Bittensor’s subnet market cap has surged to $920 million, driven by Subnet 39 (Basilica), which has experienced a 655% increase in value [1].

Technical analysis of the 4-hour chart reveals TAO is consolidating above a key support zone near $420, with a demand area forming just below $400. The price remains above the 30-period EMA (currently at $429.01), though the indicator has flattened, suggesting neutral momentum in the short term [1]. A higher low pattern is emerging, supported by a rising orange trendline, which indicates buyers are intervening during dips. As long as the price stays above the trendline and the demand zone remains intact, the bullish bias persists [1]. The RSI, at 51.68, is neutral, leaving room for both upward and downward movement without signaling overbought or oversold conditions [1].

Price projections hinge on key thresholds. If TAO sustains above the $428–$430 range and breaches $434, the next target lies between $440–$445, a level that previously acted as resistance. A strong close above this zone could trigger further upward movement [1]. Conversely, a breakdown below the 30 EMA or the orange trendline could push the price toward $417–$420. A loss of that support may extend the decline to the $390–$400 demand area [1]. While the current structure favors bulls, increased volume would be critical for a sustained breakout.

The altcoin’s short-term outlook remains contingent on maintaining its position above $428 and continuing its higher low pattern. Institutional adoption and subnet growth provide a structural tailwind, but Bitcoin dominance and market sentiment remain overlying pressures [1]. Traders are closely monitoring the $434–$440 range for decisive movement, as a breakout could validate a new phase of upward momentum, while a rejection might re-ignite bearish scenarios.

Source: [1] [Bittensor (TAO) Short-Term Price Outlook] [https://coinmarketcap.com/community/articles/6882ae05747ff0612d594b6f/]