Key Insights:
- Bittensor has shown resilience, maintaining gains above $240 as AI-driven cryptocurrencies soar across the market.
- AI tokens like BankrCoin, Pippin, and Kite have outperformed, pushing the sector’s market cap past $26 billion.
- Bittensor’s futures market sees rising confidence, signaling growing optimism for its extended uptrend.
Bittensor (TAO) has been displaying a notable recovery, holding above the $240 support level as the cryptocurrency market gains momentum ahead of the Federal Reserve’s (Fed) monetary policy decision. This rebound comes as AI-focused cryptocurrencies experience a resurgence, contributing to the overall growth of the AI token sector, which now boasts a market capitalization exceeding $26 billion.
AI Tokens See Broad Resurgence
Bittensor’s performance reflects a broader rally in AI-driven cryptocurrencies. Several tokens in the sector are recording significant gains. BankrCoin (BNKR) surged by more than 87%, reaching $0.005, while Pippin (PIPPIN) saw an impressive 57% jump to $0.49. Additionally, Kite (KITE) gained nearly 20%, and tokenbot (CLANKER) soared by 37%, hitting $36. These developments indicate a growing interest in AI tokens, driven by a combination of retail enthusiasm and market optimism.
The futures market for Bittensor is displaying increased confidence, as evidenced by a rise in Open Interest (OI) to $163 million on Wednesday, up from $154 million the previous day. This increase in OI signals strengthening investor sentiment and suggests that traders are optimistic about the token’s continued upward momentum. This boost in interest supports the notion that TAO may extend its current uptrend.
Technical Analysis: Bittensor’s Price Action
Bittensor has managed to stabilize above the $240 mark, marking three consecutive days of upward movement amid a broader market rally. The Relative Strength Index (RSI) is climbing towards 43, signaling a decrease in bearish pressure. If the RSI surpasses the midline, it could signal the start of a bullish trend for TAO. The 50-day Exponential Moving Average (EMA) acts as a key resistance point, capping the upside at around $262. A breakout above this level would pave the way for potential gains toward the 100-day EMA at $285.
Source: TradingView
Despite the positive momentum, the Moving Average Convergence Divergence (MACD) remains below the signal line, signaling caution for traders. Histogram bars below the zero line suggest a potential for reduced buying interest, which could slow TAO’s upward movement. Additionally, a reversal below $240 could expose TAO to a correction, potentially pushing it back toward Sunday’s low at $220.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Today's News: Musk X Money Beta Released, Sparks On-Chain Integration Speculation
Elon Musk's X company has launched a beta version of the X Money payment system, allowing users to transfer and manage funds, sparking widespread discussion about XRP integration. Although there are no official plans for cryptocurrency integration at the moment, the market is generally optimistic. Analysts believe that XRP has design advantages for payments, especially with improved regulatory environments, making it more promising. However, the practicality of stablecoins is also under scrutiny. XRP is currently testing the $1.50 technical resistance level. If successfully broken through, it could trigger further gains.
MarketWhisper2m ago
ETH short-term upward movement of 0.99%: Driven by whale inflows and external capital transfers, a structural rebound
From 01:30 to 01:45 (UTC) on March 6, 2026, ETH achieved a return of +0.99% within 15 minutes, with a price range of 2065.42 to 2088.57 USDT, and an amplitude of 1.12%. The volatility during this window was significantly higher than the daily average, increasing short-term market attention. Liquidity was relatively low, and some large transactions drove the trading volume upward.
The main driver of this abnormal movement was the concentrated inflow of whale funds into decentralized exchanges and large transfers. On-chain monitoring detected multiple large ETH fund inflows into DeFi protocols and trading platforms, effectively pushing
GateNews26m ago
Bitcoin drops to $70,600, Ethereum holds at 2,055. Analysts: Bull market score is only 10; don't put too much faith in this rebound.
Bitcoin has recently continued to hit new lows, currently trading at $70,923, and CryptoQuant has warned that the recent rebound is only a short-term rally in a bear market, with a bull market score of only 10 points. The US stock market has declined across the board, and the crypto market is also under pressure. The future trend depends on whether spot demand turns positive. There are multiple scenarios in the market, including possible sideways consolidation or a drop to the $56,000-$60,000 support zone. Ethereum has shown relative strength in this wave of market movement, but if Bitcoin continues to decline, its support levels will need to be observed.
動區BlockTempo57m ago
Bitcoin Reclaims $70K As ETF Flows Stabilize and Selling Pressure Eases
Glassnode reports that Bitcoin's ETF flows are stabilizing after outflows, coinciding with a price rebound above $70,000. Healthy inflows into ETFs indicate a cautious optimism among institutions, but macro risks persist, necessitating continued monitoring of market trends.
BlockChainReporter1h ago
Culper Research announces short positions on ETH and related securities, claiming that Fusaka's upgraded token economic model has been damaged
Short-selling firm Culper Research announced that it is shorting Ethereum and related securities, believing that the Fusaka upgrade in 2025 will harm the ETH tokenomics model. The upgrade resulted in a larger-than-expected decrease in Gas fees, and on-chain data shows that the growth in active addresses and transaction volume is driven by low-value transactions. Culper believes Vitalik is aware of this and will continue to sell ETH, expecting ETH prices to decline further.
GateNews1h ago
