Bittensor (TAO) surges 10% amid renewed AI market interest

Bittensor (TAO) has experienced a price increase of over 10% in a 24-hour period, contributing to weekly gains exceeding 21%. This surge is attributed to a resurgence in the artificial intelligence narrative, bolstered by Nvidia’s record Q2 revenue of $96.20 billion.

Social engagement for TAO has increased significantly, with mindshare rising by 23%. The token's liquidity also expanded following the launch of the TAO-USDC pool on Aerodrome, providing exposure to Base Chain users. The Bittensor ecosystem currently includes 128 subnets.

Technical analysis indicates TAO is trading above a descending trendline and has reclaimed the 200-day EMA at $236.5. While current indicators show rising volatility and buyer dominance, analysts note that a full market reversal would require a sustained breakout above the $420–$480 resistance zone.