Bittensor [TAO] Surges 11% in 24 Hours—AI Crypto Darling Eyes $500

Move over, legacy tech—Bittensor''s TAO just ripped an 11% daily gain, leaving traditional AI stocks eating its dust. The decentralized machine-learning token now flirts with the psychological $500 barrier, triggering both FOMO and eye-rolls from Wall Street suits who still think ''blockchain'' is a yoga term.

Why TAO Won''t Slow Down

While Big Tech drags its feet on actual AI decentralization, Bittensor''s protocol cuts out the middleman—rewarding developers directly for open-source contributions. No corporate overlords, just raw incentive mechanics that actually work (unlike your bank''s ''innovation lab'').

The $500 Question

With TAO''s momentum defying the broader market''s sideways slog, traders now debate whether this is the breakout before the big round-number milestone. Either way, it''s another reminder that crypto moves faster than SEC regulation—and that AI''s future might just be written on-chain.

Will TAO’s bullishness hold?

TAO surged past the top of its descending channel, breaking above the $429.3 level and signaling a potential trend reversal as bullish volume intensified.

The MACD line climbed to 10.7, crossing above the signal line at 5.0, with the histogram reading 5.7, all pointing to rising positive momentum.

This was further supported by the Chaikin Money FLOW at 0.30. This indicated that capital continues to flow into the market, reinforcing TAO’s bullish outlook.

Source: TradingView

If the bulls are in power, TAO may rise to its next significant resistance target of $500. If TAO can’t maintain prices above its upper channel trendline at $400, the price may drop again below $400.

Alternatively, if the price of Bittensor drops below $400, the next key supports would be at $373 and $349, which may lead to further declines in the market.

For this outlook to stay, investors must continue buying the TAO, and the CMF must be higher than the neutral value. If the lines of the MACD cross in the opposite direction, it may show that the momentum is running out.

As per the indicators, the market could continue gaining as long as the momentum does not fall sharply.

Leveraged longs dominate shorts

Notably, a significant number of 50x long positions were visible in TAO’s liquidation map between $417 and $430.

These were further amplified with more leverage: 25x for the gap between $410 and $422 and 10x from $405 to $415.

Alternatively, $440 and above were mainly occupied by shorts that used 5x and 10x leverage.

Source: CoinGlass

TAO’s price at $429.6 sits close to a potential support break, where a sharp sell-off could occur. If the price drops to $417, it might trigger the liquidation of a significant number of long positions.

On the flip side, a MOVE above $435 could prompt short sellers to exit quickly, fueling a strong upward surge as more traders are forced out.