Bittensor rises around 10.5% as TAO expands to Robinhood Chain and bullish momentum builds
Bittensor (TAO) surged 10.45% after the TAO token launched on Robinhood Chain, expanding its blockchain integration and attracting new interest in its decentralized AI ecosystem. The climb is supported by established bullish momentum, as TAO trades above all its major moving averages.
Highlights
- TAO has expanded to Robinhood Chain, enabling broader blockchain access for Bittensor's decentralized AI network.
- Grayscale institutional stake in Bittensor reached 43% and the firm filed to convert its Bittensor Trust to a spot TAO ETF.
- TAO trades firmly above key averages with bullish momentum, projecting a $249.8 to $290.45 range and a high probability of further upside.
Ecosystem integration and institutional inflows drive adoption optimism
TAO expanded its ecosystem reach through a listing on Robinhood Chain, providing broader blockchain integration for Bittensor's decentralized AI network. Institutional activity is increasing, with Grayscale raising its Bittensor stake to 43% and filing to convert its Bittensor Trust to a spot TAO ETF. These developments highlight both adoption progress and growing investor attention around the project's AI-focused capabilities.
Bullish momentum confirmed as technical signals outpace residual bearish risk
TAO/USD is trading above its 20-day, 50-day, and 200-day moving averages ($235.56, $219.84, and $240.35 respectively), indicating established bullish momentum across the short-, medium-, and long-term trends. Immediate resistance is set at $290.45, with nearest support at the intraday high of $259.1. However, the alignment between the 50-day and 200-day averages still reflects a bearish context in the longer run. Technical indicators show strong momentum, as both MACD and ADX signal buy conditions, the RSI reads 59.19 (not overbought), CCI favors buyers, and Bull/Bear Power (BBP) at 18.09 confirms intraday buying strength. Stochastic RSI is neutral and the Awesome Oscillator is also neutral, suggesting some watchfulness for short-term exhaustion.
Earlier, analysts noted that Bittensor was exhibiting sustained bullish momentum, with expectations of potential consolidation after sharp rallies. The current technical structure and increased institutional participation now reinforce the prevailing uptrend, with a decisive move above $290.45 likely confirming further upside.