TAO price surges, with indicators forecasting an extended rally | Credit: Hameem Sarwar
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Key Takeaways
TAO has surged 40% over the past 7 days, reaching a 60-day high of $283.90.
On the daily chart, TAO’s price has formed a Rounding Bottom structure.
All core indicators have flipped positive, as this analysis predicts a higher value.
TAO, Bittensor’s native coin, has surged 40% over the past seven days.
As a result, the altcoin has rallied to its highest level in sixty days. According to CCN’s findings, this happened due to two developments, both separate and equally consequential.
One proves that decentralised AI has crossed a threshold that sceptics said was impossible.
The other opens the door to institutional capital at a scale the project has never previously accessed.
Here is the full breakdown of how it happened and what could be next for the TAO crypto.
Between March 10 and 15, Bittensor’s Templar subnet (Subnet 3) successfully completed the largest decentralised Large Language Model pre-training run in history.
The model trained is called Covenant-72B. It carries 72 billion parameters, and it was trained entirely across a distributed network of anonymous miners operating within Bittensor’s decentralised infrastructure.
Until now, training models at this scale required the centralised computational resources of institutions like OpenAI, Google DeepMind, or Anthropic.
But with this, Bittensor has transitioned overnight from a theoretical “AI marketplace” into a functioning, empirically validated platform capable of competing with centralised AI laboratories
Following the development, the weekly chart places the TAO crypto recovery in a sobering context.
At the time of writing, TAO trades at $276.80. Previously, it traded inside a descending channel that erased 67.34% from the $493 peak.
Besides that, the Money Flow Index (MFI) at 53.84 has recovered from oversold lows near 20 and is now neutral with room to push higher.
The Holders Sentiment at 50.4 is the most significant development on this chart. It has just turned positive for the first time since early 2024. Throughout the entire 2025 bear leg, sentiment remained flat and near zero.
Therefore, the current spike to 50.4 mirrors the early 2024 recovery structure that preceded TAO’s largest sustained rally.
As it stands, TAO’s price will need to hold $284.40 on a weekly close to confirm channel breakout. If sustained, the next resistance to flirt with could be around $386.40
Positive Sentiment, Short Squeeze
Meanwhile, a separate but equally significant development landed on March 14.
The Grayscale Bittensor Trust officially became an SEC-reporting vehicle. This regulatory transition is more than an administrative filing.
For context, SEC-reporting status enhances the trust’s transparency requirements, audit standards, and disclosure obligations.
Therefore, the Grayscale milestone effectively removes the compliance barrier that has kept the largest pools of traditional institutional capital on the sidelines of the TAO story.
Amid this move, on-chain data reveals a critical tension at the $284 resistance.
Interestingly, the funding rate is the key variable to watch in this case. As of this writing, TAO’s weighted sentiment spiked to 4.844, which is the highest reading on this 30-day chart.
This rise in sentiment, alongside the TAO price increase, could be bullish as long as selling pressure does not come into play.
Besides that, the funding rate picture is nuanced. Through February and early March, funding was persistently negative (red bars) — the short squeeze setup identified across the BTC and ETH analyses.
TAO Weighted Sentiment vs. Funding Rate | Credit: Santiment
Considering the current setup, funding has remained negative. Hence, it appears that the TAO crypto price rally still has legs.
If the metric remains negative and bearish positions remain dominant, TAO could experience an extended short squeeze, possibly driving it above $350.
TAO Price Prediction: 60% Higher?
Technically, the daily chart identifies the structural pattern behind TAO’s recovery as it has formed a really bullish setup
At the time of writing, TAO’s price has pulled back from the $293 high. But the pullback is happening inside a rounding bottom pattern that has been forming since October 2025.
Interestingly, the TAO crypto price has broken above the pattern’s neckline near the 0.382 Fib at $293.6 and is now retesting it from above.
Both Exponential Moving Average (EMAs) confirm the structural shift. The 20-EMA ($213.1) has crossed above the 50-EMA ($207.4) — a golden cross on the daily.
Apart from that, the Chaikin Money Flow (CMF) at 0.17 is positive and near its highest reading since July 2025. This indicates that genuine money flow is supporting the move, not just short covering.
If sustained, the measured move from the rounding bottom targets $453.6 (0.786 Fib). This represents a possible 60% rally, which is also similar to the distance from the neckline to the cup floor projected upward.
On the contrary, if TAO loses the golden cross support near $210, the pattern requires reassessment. In that scenario, the bullish setup might be invalidated.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
