Bittensor price rally surges 25% as TAO nears $300 breakout
Bittensor’s native token TAO is having one of its strongest weeks in months, and the timing is no accident. A fresh Bittensor price rally has pushed the AI-focused cryptocurrency toward a two-month high, fueled by a mix of technical momentum, a viral meme coin spinoff, and renewed hype around artificial intelligence tokens. Traders are now watching whether TAO can clear the psychological $300 mark, a level that could decide the next stretch of this rally.
Key takeaways
- Bittensor trades higher on Monday, extending its five-day gain to approximately 25%.
- Buttensor (BUTT), a parody meme coin, launched on Raydium and routes its transaction fees into buying TAO, tying speculative trading directly to token demand.
- TAO’s social dominance jumped from 0.05% to 0.12%, lifted by the Buttensor launch and the release of ChatGPT-6 Astra.
- Derivatives open interest on TAO hit a three-month high of $428.57 million, according to CoinGlass, signaling growing trader conviction.
- The RSI has reached 70, an overbought signal that suggests a short-term pullback could interrupt the climb before another push higher.
Bittensor’s TAO Extends Powerful Five-Day Rally
TAO’s five-day surge of roughly 25% has put buyers firmly in control, and the coin is now trading in positive territory on Monday after weeks of accumulation. The Bittensor price rally gained 16% last week alone, then added another 12% on Sunday, pushing the token to its highest level in two months.
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