• Bittensor (TAO) rises 9.04% in 24 hours, extending its weekly gains.
• Market sentiment remains strongly bullish with 83% optimism.
• TAO trades above key moving averages, confirming strength.
• Analysts eye potential upside toward $525 and beyond.

Bittensor (TAO) continues to attract attention as it maintains a steady upward trend. The asset has recorded a notable 9.04% gain over the past 24 hours, marking a continuation of its positive trajectory that began earlier in the week. Over the last seven days, TAO has climbed 4.79%, confirming sustained buying activity from investors.

At the time of writing, TAO is trading near $441.46, supported by a strong 24-hour trading volume of $548.53 million, which has surged 138.31% compared to the previous session. Its market capitalization stands at approximately $4.47 billion, reflecting an 8.91% surge.

Also Read: Bittensor (TAO) Breakout: Analysts Eye $900 Target

Bullish Sentiment Dominates as Investors Stay Confident

The community sentiment reflects strong optimism, with 83% of 98.6K votes indicating a positive outlook. The implication is that traders are mostly expecting a price increase in the near future, reinforced with increasing confidence and an upbeat tone among markets.

Conversely, 17% of participants remain bearish, anticipating potential corrections or slight pullbacks later. This is the least active group, consisting of wary traders anticipating resistance at higher levels or the presence of doubts with the markets. As a whole, the information unequivocally reveals that bullish optimism dominates bearish predictions.

TAO Builds Technical Strength Above Key Support Levels

According to Crypto Analyst, the momentum is strong for the TAO that came back from the $394 support point. The token went up almost 9% within 24 hours, indicating renewed bullish interest. The $390–$400 now serves the next move with firm support. The resistance is $455–$460, and the potential upside is $525–$777 if the momentum sustains.

The 200-period moving average around $359.49 has been broken decisively, shifting from bearish to bullish configuration. Such previous breakouts resulted in bullish, strong rallies, signifying enhanced confidence in the markets. A retracement and hold above this point can lead to a stronger uptrend. Nevertheless, dipping below $390 can cause a short-term retracement to $340–$360.

Momentum signals are positive for further gain, with the stochastic oscillator around 48, indicating neutral-to-bullish status. The configuration suggests potential for further advance if demand picks up. The trend is positive until the TAO remains above $400–$410. The next bullish target is at $525, with potential extension to $680–$700.

Also Read: Bittensor Breakout Alert: TAO Could Soar to $819 Soon