Bittensor price is showing renewed strength as it rises above the $260 level, with improving momentum indicators pointing to a potential continuation of the recent recovery trend.
summary
- Bittensor price is trading around $263, up 5.7% in 24 hours, and holds above the key support level of $236 after breaking the long-term downtrend.
- Upside momentum is increasing as the MACD turns positive, with upside targets at $294 and $340 if strength continues.
- Fundamentals are bolstered by Nvidia’s $420 million stake, ETF deposits by Grayscale and Bitwise, and more than 70% of the supply locked in staking.
According to data from crypto.news, the Bittensor (Tao) The price was trading around $263.19 at press time on May 1, up about 5.7% in the past 24 hours. The coin has consolidated between roughly $235 and $275 over the past week, stabilizing after a sharp rise earlier in April.
Despite the recent bounce, TAO remains well below its late 2025 highs above $500, but its price structure is starting to improve, with higher lows forming since mid-February.
Trading activity picked up alongside the recovery, signaling renewed interest from market participants as volatility returns.
A wave of positive developments helped boost sentiment around the Bittensor ecosystem.
Reports indicate that Nvidia has bet around $420 million from TAO, indicating growing confidence in decentralized AI infrastructure from major players in the industry.
Institutional interest is also growing. Both Grayscale and Bitwise have it I applied for TAO exchange-traded fundsDecisions are expected as early as August. The anticipation around these deposits has begun to attract early capital inflows into the asset.
Real-world adoption is also expanding. Subnet Vidaio recently announced a joint venture with Pip Studios, a production company that works with platforms like Netflix and Disney, highlighting the growing enterprise use cases for the Bittensor Network.
On-chain data suggests that supply-side pressure is easing, which could amplify upward moves.
More than 70% of the total supply of TAO is currently locked, significantly reducing the liquid supply available on exchanges. This creates a tighter market structure where increased demand can have a stronger impact on prices.
The supply shock was reinforced by the grid being halved in December 2025, cutting daily emissions by 50%. Lower issuances continue to act as a structural headwind to higher prices.
Positioning in financial derivatives also supports the bullish outlook. The long/short TAO ratio has risen to around 1.4, indicating that the majority of traders are leaning towards more upside.
Betensor price analysis
On the daily chart, TAO has breached the $260 level and is now trying to hold above the 0.236 Fibonacci retracement level near $236.59, which has turned into support.
Momentum indicators are improving. The MACD indicator has turned positive, with the histogram printing green bars, indicating strengthening bullish momentum. Meanwhile, Chaikin Fund Flow is still slightly negative near -0.11 but trending upward, indicating slowing capital outflows.
The price is also trading above a downtrend line that has capped rallies since late 2025, indicating a potential shift in market structure.
If momentum continues, TAO could target the next resistance levels at $294 (0.382 Fib) and $340 (0.5 Fib), which served as supply zones during the last major downtrend.
On the downside, immediate support is near $236, followed by a stronger base around $200. A break below these levels may delay the bullish outlook.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
