Bittensor's native token, TAO, has surged over 30% in the past 24 hours, reaching an 11-week high of $416.87 as of October 13, 2025, amid a broader cryptocurrency market rebound.
Key Takeaways:
- TAO's price has increased by over 30% in the past 24 hours, reaching $416.87.
- The surge is attributed to renewed investor interest and institutional backing.
- Analyst predict a possible breakout above $500 if bullish momentum continues.
TAO, Bittensor’s native token, has emerged as a top performer in the altcoin market after surging over 30%, outpacing most competitors during the current recovery. This surge comes amid a broader cryptocurrency market recovery, which has lifted the total market capitalization from $3.65 trillion on October 12 to $3.92 trillion. Bitcoin has also rebounded to over $116,000, signaling renewed investor confidence in the crypto sector.
TAO rallies and shows swift recovery from recent broader crypto market crash. Source: CoinMarketCap
TAO has outperformed most altcoins in this rally, drawing attention for its rapid recovery from recent lows. Analysts point to the token’s strong momentum and growing adoption within the decentralized AI ecosystem as key factors behind its performance.
Institutional Interest and Technical Breakouts Fuel TAO Gains
Bittensor’s recent surge has been fueled by growing institutional interest and positive technical signals. Notably, Grayscale has filed a Form 10 with the U.S. Securities and Exchange Commission (SEC) for the Grayscale Bittensor Trust, signaling increased institutional exposure to the token.
Barry Silbert highlighted Bittensor’s milestone on X (formerly Twitter), mentioning the Form 10 filing as well as the launch of two flagship funds for Bittensor’s subnet token, noting that it was a “big week for Bittensor $TAO.”
Looking at the token’s technicals, key resistance has been broken, including the 200-day EMA at $358, which had previously constrained upward momentum in late August and September. The RSI currently sits near 74.8, reflecting strong bullish momentum while cautioning against potential overbought conditions.
TAO Eyes $500 as Resistance Levels Come Into Focus
Analysts are monitoring resistance levels around $465–$473 closely. A break above this zone could open the door to a potential $500 breakout, though sustained buying volume will be essential to maintain upward momentum.
Some long-term forecasts remain bullish, with predictions suggesting that TAO could reach $779 by the end of this year if current market sentiment persists.
Market Snapshot: TAO Climbs Amid Crypto Rebound
As of this writing (12:00PM UTC), TradingView’s real-time market numbers show TAO is trading at approximately $404.93, showing an upward momentum and gaining 28.7% over the past 24 hours. Today, the token peaked at around $426.76 and reached intraday lows near $314.46.
Meanwhile, the broader cryptocurrency market has also rebounded, with total market capitalization rising to $3.93 trillion and Bitcoin recovering above $115K.
Crypto market cap reached $3.93T today, Oct. 13. Source: CoinMarketCap
Outlook: Analysts Eye Bullish Momentum for TAO
The rally of Bittensor’s TAO demonstrates growing institutional interest and strong technical momentum. While the $500 mark remains a key resistance level, sustained buying pressure and positive market sentiment give a higher chance for the token to reach higher levels in the next legs. Investors and traders are watching trading volumes and broader crypto market trends to gauge TAO’s ability to sustain its upward momentum.
Summary
TAO spiked ~30% to an 11-week high as the crypto market rebounded, breaking the 200-day EMA (~$358) and drawing fresh institutional attention. If buyers clear $465–$473, a run at $500 is on the table; overbought RSI warns of pullback risk.
