TAO (Bittensor) surges 20.1% within 24 hours to $245.4: Driven by trading volume surge and AI subnet expansion
Bitget Pulse2026/03/13 12:52Volatility Overview
In the past 24 hours, TAO price rebounded from a low of $206 to a high of $247.3, currently at $245.4, with an overall gain of approximately 15%-20% and a volatility of 20.1%. The 24-hour trading volume has significantly increased to $356 million, up 89.4% from the previous day, and the Vol/Mkt Cap ratio has reached 13.51%, indicating heightened capital activity.
Brief Analysis of Abnormal Movements
- Trading Volume and Market Rebound: 24-hour trading volume surged by 89%, accompanied by an overall recovery in the crypto market. TAO broke through the $200 level and continued its gains.
- Network Subnet Expansion: The number of active subnets increased to 34, with top subnets (such as Subnet 3 Templar) achieving 72B model training without data centers, boosting TAO staking demand and utility.
- Technical Breakthrough: The price broke out of the descending channel and key resistance, confirming support for the upward channel.
Market Perspectives and Outlook
The mainstream sentiment among the community and analysts is bullish. Discussions on X platform focus on the channel breakout and the 12% weekly gain, with the target range at $215-$480; 68% of supply has been staked, and real revenue from top subnets supports long-term demand, but short-term resistance such as $250 should be watched.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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