$TAO Surges 10% - Is $564 the Next Target?

Bittensor is once again stealing the spotlight. The AI-focused blockchain’s native token $TAO rallied +10% in 24 hours, climbing to $444.97, fueled by heavyweight institutional interest.

The latest spark? Grayscale’s Bittensor Trust filing and a $10M investment from Digital Currency Group (DCG) - both clear signs that institutional money is circling back to AI crypto infrastructure. This injection of capital comes after TAO’s sharp 50% correction earlier this quarter, hinting that smart money may be positioning for the next leg up.

From a structural standpoint, TAO has flipped its 30-day and 200-day averages - a key confirmation that bulls are back in charge. Traders are now watching whether the token can secure a close above $450, which could trigger FOMO-driven entries and push prices toward the next Fibonacci target at $564.

⚠ Short-term supports to watch: $433.9 and $403.4 in case of a pullback.

As AI tokens continue to attract institutional capital, Bittensor is positioning itself at the core of the decentralized intelligence narrative - bridging machine learning and blockchain value.

📈 Whether this marks the start of TAO’s next major rally will depend on if momentum traders can keep volume above the $500M+ daily threshold.

#TAO #TAOTrading