Bittensor sees a jump — What is fueling the token rise

Traders Union
All News
Crypto
Bittensor surges 10.99% to $186.80 today

Highlights

Bittensor enabled cross margin trading for TAO, potentially increasing liquidity and altering trading strategies on the platform.
TAO’s ecosystem is expanding with new subnets and cross-chain bridges, enhancing interoperability with Ethereum and Solana for DeFi integration.
TAO trades at $186.80, above MA-20 ($172.98) and just above Kijun resistance ($182.80), but remains in a medium- to long-term bearish trend; expected range next five days is $144.70 to $167.00.

Liquidity and platform upgrades as cross-margin and bridges launch

Bittensor recently introduced cross margin trading capabilities for TAO, potentially impacting liquidity and trading strategies on the platform. The ecosystem is also expanding through the addition of subnets and new cross-chain bridges, which enhance compatibility with Ethereum and Solana and better integrate TAO into decentralized finance infrastructure. Technical analysis within the community has highlighted the $150 to $156 level as a notable support zone.

Anton Kharitonov, expert at Traders Union, notes that TAO’s short-term gains contrast with persistent weakness below key moving averages. He points out that bearish momentum remains, as indicated by the MACD, and sees limited upside given the negative Awesome Oscillator and weak RSI. Kharitonov is critical of the recovery, stating that increased feature rollouts like cross margin trading have yet to translate into sustained market strength. He warns that breaks below $165.10 could spark renewed sell pressure, with a technical bias still bearish. "Traders should remain cautious, as structural risks outweigh the short-lived bounce in TAO’s price."

Viktoras Karapetjanc, expert at Traders Union, highlights the strong ecosystem developments such as new subnets and bridges supporting cross-chain DeFi integration for TAO. He believes the expansion of cross margin trading is an important catalyst that reinforces the protocol’s strategic growth. Karapetjanc notes the resilient support zone around $150, providing a reliable platform for potential accumulation. He expects that overcoming resistance at $182.80 could unlock bullish momentum. "I see the underlying bullish structure intact and consider further growth possible as Bittensor cements its DeFi presence."

Mixed signals as short-term rally tests resistance amid bearish trend

Momentum indicators on the daily chart remain mixed: MACD signals strong bearish momentum while the ADX points to moderate trend strength. The RSI at 40.15 reflects weak market conditions but is not yet at oversold levels, with Stoch RSI and CCI signaling mostly neutral. BBP suggests the market is technically oversold and recent price action has trended toward the top of today’s $165.10 to $187.40 range, supported by a high level of intraday volatility. Despite a rally near session highs, the Awesome Oscillator remains negative and daily momentum diverges with recovering short-term oscillators, while the broader trend stays bearish. Key resistance levels are found at the Ichimoku Kijun near $182.80 and the MA-50 at $217.89 if upward momentum continues.

Previously it was reported that Bittensor (TAO) is exhibiting short-term stabilization above its MA-20 despite continued medium- and long-term selling pressure, with momentum and volume indicators reflecting a moderately established downtrend and seller dominance. Immediate resistance lies near the Ichimoku Kijun, while mixed oscillators and negative Bull/Bear Power suggest further downside risk and confined volatility, unless key resistance levels are breached.

Source of Data: TAO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.