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Grayscale’s Strategic Move Boosts Bittensor (TAO) by 33%
Bittensor (TAO) experienced a significant surge, climbing up to 33% following Grayscale’s submission of a Form 10 to the U.S. Securities and Exchange Commission for the Grayscale Bittensor Trust. If the SEC approves the filing, the trust will begin to operate similarly to a public company, submitting regular 10-K and 10-Q reports with audited financials. This transition will also shorten private placement lockups from 12 months to six and potentially lead to an OTC quotation, mirroring Grayscale’s successful strategies with BTC and ETH.
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The timing of this move is crucial for TAO, as it converges with two compelling narratives: decentralized AI and institutional cryptocurrency. Regulated and easier access could drive new liquidity towards TAO, legitimizing it as a viable asset for treasuries, funds, and Registered Investment Advisors (RIAs) aiming for exposure to blockchain-based AI infrastructure without the complexity of custody.
Bittensor (TAO) Price Dynamics: Key Levels and Future Prospects
From a technical standpoint, TAO has rebounded strongly from the $315 support level, which is just above the 38.2% Fibonacci retracement point at $307. The token is currently stabilizing above $410, marking its highest point in recent weeks. The breakthrough past $327 and $405 signifies a departure from a prolonged falling-wedge pattern, affirming its bullish momentum.
Momentum indicators support this bullish outlook. The Relative Strength Index (RSI) has risen from the low 40s into bullish territory without displaying any signs of fatigue. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator has turned positive after a period of stagnation, suggesting further upward potential.
Spot volume has increased significantly, though open interest remains low, indicating that the rally is primarily driven by spot trading. This scenario presents a healthy foundation for potential gains if traders on the sidelines join the momentum.
Current immediate support levels are at $380, $355, and $327. Maintaining a position above $405 could open the path for a potential rally toward $500 in the upcoming sessions.
Institutional Interest Grows as AI Narrative Strengthens
Beyond price movements, institutional interest in TAO continues to grow. Since July, Nasdaq-listed TAO Synergies and xTAO (TSXV) have acquired approximately 83,649 TAO, valued at around $26–27 million. A notable portion of these assets is reportedly being staked for double-digit yields, which reduces the circulating supply.
Within the AI ecosystem, Bittensor’s subnet architecture and on-chain incentives continue to attract developers and data providers. As a result, TAO is increasingly recognized as a leader in the decentralized AI space.
Conclusion
The recent breakout above the $405 level has confirmed the completion of a long-term falling-wedge pattern, signaling a technical milestone that could lead to a potential rally toward $500 in the short term. Analysts suggest that if the current momentum persists, targets between $700 and $900 could be achievable.
On the downside, a decisive daily close below the $355–$327 range could weaken the bullish structure and lead to short-term consolidation.
Overall, the outlook remains positive. Grayscale’s SEC filing, sustained institutional interest, and favorable on-chain and technical indicators have collectively created a structurally bullish environment for Bittensor (TAO). As long as the price remains above the $405 breakout zone, the prospects for reaching $500 appear increasingly credible.
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