Bittensor Eyes $420 After 70% Breakout Surge

Bittensor (TAO) surges over 70% amid breakout and Unsupervised Capital’s AI-focused launch, with continued bullish momentum - IcoHolder.

Bittensor (TAO) has surged over 70% in the past month following a breakout from a long-standing falling wedge pattern, with bullish momentum fueled in part by the stealth launch of the Bittensor Liquid Fund by Unsupervised Capital on April 16. The AI-focused token is currently consolidating near $369, with technical indicators suggesting the broader uptrend remains intact despite a recent cooling in momentum.

The rally began on April 7, when TAO bounced from the lower trendline near $180 amid rising volume. After a brief mid-month pullback, the breakout gained renewed strength, culminating in a bullish crossover on April 20 as the 20-day EMA moved above the 50-day SMA. Just two days later, TAO broke above the wedge’s upper resistance trendline, setting off a 110% climb.

Currently, the price is holding above horizontal support near $335, a level reinforced by the 20-day EMA. Although the Relative Strength Index (RSI) has pulled back from overbought levels to 63, and the MACD histogram is beginning to print red, the bullish structure remains solid. As long as TAO stays above the $335 mark, analysts expect continued upside.

The next resistance lies around $390, and a breakout from there could push TAO toward the $420 level—a zone that previously acted as resistance in early February. A strong move above $420, especially on higher volume, could clear the path for a rally to the $460–$470 range, where a significant horizontal cluster formed earlier in the year.

Bittensor’s rise reflects broader momentum in the AI-token sector, with VIRTUAL climbing 60% and Aixbt gaining 110% in similar breakout scenarios. As interest in AI and decentralized machine learning grows, Bittensor remains a key asset to watch.