- Bitsensor’s TAO rose 16% in 24 hours to a YTD high above $355 as trading volume climbed 29%
- A recent halving cut token emissions as the subnet market value jumped 20.2% to $1.54 billion
- TAO’s price broke above the $300 resistance and now faces the next key test near the $372 zone
Bittensor’s token climbed more than 16% over the past 24 hours to a year-to-date high above $355, extending a sharp monthly advance that now stands at 106%. The move came as investor attention returned to the decentralized AI network after a string of public endorsements, a recent halving event, and stronger activity across its subnet economy.
The rally also landed with a noticeable pickup in trading. Volume rose 29% in 24 hours to $985 million, suggesting the advance was not driven by thin conditions alone. Bittensor, which positions itself as a decentralized network where miners and validators compete for rewards based on AI performance, has increasingly drawn interest from traders watching the intersection of crypto infrastructure and artificial intelligence.
Endorsements Push the Story Back Into Focus
Part of the latest move followed remarks from high-profile figures tied to technology and venture investing. NVIDIA CEO Jensen Huang praised Bittensor’s efforts in large-scale AI development, while investor Chamath Palihapitiya pointed to the network’s decentralized training of Covenant-72B, a 72-billion-parameter model.
The attention gained another lift after comments from Jason Calacanis in a segment posted by TWiSTartups. In that discussion, Calacanis described Bittensor as a long-duration infrastructure bet and outlined a hypothetical path from roughly $2.5 billion in market value to $500 billion over time.
The remarks did not change the network’s fundamentals, but they added fuel to an already strengthening narrative around decentralized AI. That narrative has been showing up in the subnet market as well.
As shown on CoinGecko, the combined market capitalization of subnet tokens rose 22.9% to $1.58 billion, reflecting broader demand across the ecosystem rather than a move isolated to the base token alone. Activity in leading subnets, including τemplar (SN3) and Chutes (SN64), added to the sense that traders were tracking growth beyond headline price action.
Halving Adds a Supply-Side Tailwind
The latest gains also followed a recent halving that cut token emissions, reducing the pace of new supply entering the market. That change, by itself, did not guarantee a rally. Still, it tightened one side of the equation at a time when demand was already improving.
Institutional interest appeared to add another layer of support. Market participants pointed to filings tied to products such as Grayscale’s trust as a sign that Bittensor was attracting attention beyond retail speculation. At the same time, skepticism remained.
Some Bitcoin advocates continued to argue that excitement around decentralized AI was outpacing the proof. That tension has not disappeared, but the price response showed where sentiment leaned in the near term. For now, traders appear more focused on the network’s momentum than on the criticism surrounding it.
Price Structure Turns More Constructive
From a technical perspective, the TAO token rebounded 146% on the weekly chart after dropping 52% earlier this year into a support band between $183 and $143. The rebound pushed the coin’s price through a resistance zone around $287 to $300, which also aligned with the 23.6% Fibonacci retracement level.
Besides, the breakout was accompanied by stronger turnover, reinforcing the view that buyers were stepping in with conviction. TAO’s price is now approaching the 38.2% Fibonacci level near $372, the next area traders are likely to watch closely. The broader structure has also shifted.
A multi-year falling wedge remains visible on the chart, and the recent rally began after the price tested the lower boundary of that pattern. Momentum has improved, though not yet to stretched levels. Similarly, the relative strength index has risen to 58, indicating firmer demand without yet entering overheated territory.
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Key Levels to Watch
If the token clears the $372 zone, the next areas of interest sit near the $400 psychological level and around $443, which marks the 50% Fibonacci retracement. Those levels would likely test whether the current move has enough follow-through to extend further.
Meanwhile, if the rally stalls, the former resistance area between $287 and $300 may serve as the first support on a pullback. Below that, the earlier base between $183 and $143 remains the deeper support range.
Taken together, the latest move reflects a mix of stronger ecosystem activity, tighter emissions, and renewed market attention. The numbers point to a rally built on several reinforcing factors, even as debate around the longer-term case continues.
