- Bittensor is trading near $353 and gaining momentum after reclaiming key resistance at $350.
- Analysts expect a potential move toward $500 if bullish momentum continues and support holds.
- Sentiment is turning positive with rising developer activity and renewed interest in decentralized AI infrastructure.
Bittensor ($TAO) is a decentralized blockchain network that incentivizes users to contribute computing power for training AI models, rewarding participants with $TAO tokens based on their model’s performance and contribution.
Price Action
$TAO is currently trading around $353.50, with a market cap of $3.07 billion. Notably, over the past year, it has seen sharp price swings — climbing past $700 before pulling back during a broader market downturn. Recently though, $TAO has shown renewed strength, gaining momentum and trending higher.
Credit: CoinGecko
Price Predictions
$TAO remains in an uptrend, having recently broken through its key resistance at $350. The price is now retracing slightly, likely to establish support above that level. Looking ahead, analysts point to a falling wedge breakout paired with strong volume — a combination that they note signals bullish continuation. So, if momentum holds, this could pave the way for a short-term move toward the $500 mark.
Market Sentiment and Developments
Investor sentiment around Bittensor is turning increasingly positive as the AI sector sees renewed investor interest. Alongside this, growing network activity and heightened developer engagement are driving fresh momentum, fueling optimism about Bittensor’s potential in the AI infrastructure space.
Future Outlook
Looking ahead, as AI adoption accelerates and decentralized AI ecosystems gain attention, Bittensor is well-positioned to benefit.
