Bittensor's TAO Token Surges 10% on ETF Filing and Chart Breakout
Market Momentum and Technical Outlook
Market analysts have identified a bullish reversal for Bittensor (TAO) following a confirmed "falling wedge" breakout on the 8-hour timeframe. After stabilizing in the $180–$220 range during a late-2025 downturn, the token is showing signs of a major recovery. Current price targets are set at $350 and $480, with some long-term projections reaching as high as $700.
Institutional Adoption
The recent 10% price surge is largely attributed to institutional activity. On December 30, Grayscale submitted an S-1 filing to the SEC to transition its Bittensor Trust into a spot ETF on the NYSE Arca. Simultaneously, Bitwise is preparing its own ETF entry, capitalizing on the growing intersection of blockchain and artificial intelligence.
Network Fundamentals
The Bittensor ecosystem remains robust, currently supporting 128 subnets dedicated to diverse AI applications, ranging from LLMs to robotics. Following a supply halving event at the end of 2025, the network’s scarcity has increased; notably, over 76% of the 9.6 million TAO tokens in circulation are currently staked, indicating high investor confidence.
Risk Factors
While the prevailing sentiment is bullish due to "re-accumulation" patterns, traders remain cautious. Potential risks include broader market volatility in Bitcoin and Ethereum, as well as a technical "danger zone" if TAO’s price slips back into the $215–$234 range.
