Bittensor climbs 8.92% as new decentralized AI subnets drive interest

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Bittensor rises 8.92% today to $258.90

Highlights

Templar achieved the largest decentralized LLM pre-training run on Bittensor's Subnet 3, showcasing advancing decentralized AI capabilities.
Bittensor expanded its network by launching additional on-chain AI subnets focused on text detection and coding agents, enhancing platform utility.
TAO remains in a short-term bullish trend with elevated volatility, likely consolidating between $235.00 and $275.00 in the near term.

Network utility expands as new AI subnets drive infrastructure growth

On March 10, the Templar team announced the completion of Covenant-72B, marking the largest decentralized large-language model pre-training run conducted entirely on Bittensor’s Subnet 3, which enabled open GPU participation without central control. Bittensor has also launched new AI subnets, including SN32 for AI text detection and SN62 for AI coding agents, expanding on-chain utility of its network. Recent activity on the Templar subnet and the rollout of these subnets reflect progress in decentralized AI infrastructure.

Overbought signals rise as bullish momentum tests upper range

Momentum remains strong for TAO as it holds above key short-term and medium-term moving averages, yet stays beneath the SMA-200, with the Ichimoku Kijun at $207.15 acting as the nearest support zone. Momentum indicators on the daily chart — including bullish MACD and Awesome Oscillator signals while ADX sits neutral — show the trend is still forming. Both RSI (74.18) and CCI (248.33) are deep in overbought territory, and the Stoch RSI at 100 signals short-term overheating, while Bull/Bear Power confirms buyers’ control intraday. TAO is trading near the top of today’s volatile price range of $246.10 – $272.10, consistent with high volatility and persistent bullish momentum, but stretched oscillators warrant caution regarding an imminent reversal.

Sideways consolidation expected as upside risk remains limited

TAO is expected to fluctuate within a volatility band of $235.00 – $275.00 over the next five sessions, reflecting increased market swings and current positioning. The likelihood of further upside is low (less than 20%), making a short-term pullback more probable. The baseline outlook is sideways consolidation between $235.00 and $275.00. A breakout above $275.00 could challenge the SMA-200 and spark further gains, while a move below $235.00 may expose the price to deeper corrections toward previous support.

Anton Kharitonov, expert at Traders Union, sees Bittensor (TAO) holding short-term gains but notes the asset is overbought and facing resistance below the SMA-200 at $286.24. He believes recent positive developments in decentralized AI bolster sentiment, yet technical signals point to a high chance of retracement. The analyst remains cautious as volatility and stretched oscillators limit upside potential and raise correction risk. "Until we see a breakout above $275.00 and a clear reclaim of the SMA-200, I expect sideways movement and advise against chasing at current levels."

Earlier, analysts noted that Bittensor exhibited robust short- and medium-term momentum but faced cautionary signals of overbought conditions and elevated volatility, indicating a risk of near-term consolidation. With recent advances in decentralized AI infrastructure now aligning with persistent bullish momentum, traders should closely monitor potential reversal signals as TAO approaches the upper end of its volatility band, where a breakout or deeper pullback could define the next market phase.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.