TLDR:

Bittensor (TAO) rebounds over 13% in 3 days from the key $350 accumulation zone.
Analysts eye a $475 breakout as a gateway to a $700–$800 price surge.
Oblong Inc. plans a $7.5M investment in Bittensor’s AI infrastructure.
Technicals show a bullish cup-and-handle pattern forming since March.

Bittensor’s native token, TAO, is showing strong bullish momentum as technical patterns and institutional interest align for a potential breakout. Analysts are pointing to a possible surge toward the $700–$800 range if current resistance levels give way. 

The token has rebounded sharply from a major accumulation zone, with recent activity reflecting renewed confidence in both the asset and the broader decentralized AI narrative. Market watchers note that increased trading volume and improving technicals could support a sustained upward move. 

Meanwhile, strategic investors are beginning to enter the ecosystem with long-term intentions.

TAO Price Recovery Strengthens Technical Outlook

TAO is currently trading around $432, registering a 9.71% rise over the past 24 hours, according to CoinGecko. In the past week, the token has gained over 10%, signaling a steady return of bullish sentiment.

TAO price on CoinGecko

A recent 13.88% spike on the 3-day chart shows TAO bouncing decisively from the $350 range.

Crypto analyst Michaël van de Poppe described the $350 zone as a key accumulation point, suggesting the rally remains early in its cycle. He identified the $472–$475 range as the breakout level, after which a strong price impulse could push TAO toward $800. 

Chart indicators show a bullish cup-and-handle formation forming from March to June, supported by growing volume and a steadily rising RSI.

Technical analysis highlights $340–$365 as a major support zone, where buyers stepped in aggressively. Below that, the $276 area represents a historical low, now seen as a solid macro-level base. 

I’ve tweeted this earlier, but $TAO around $350 was a great area to accumulate on.

It’s bouncing back swiftly as confidence comes back in.

I assume we’ll break above $475 and we’re getting to $700-800 in the next run. pic.twitter.com/Z43fwimgHx

— Michaël van de Poppe (@CryptoMichNL) June 10, 2025

Van de Poppe’s annotated chart shows that breaking the $475 resistance with confirmation may initiate a macro uptrend.

The RSI remains above 50, suggesting momentum is still on the bulls’ side. Volume spikes during upward moves, while remaining muted during pullbacks, further validate the accumulation thesis. 

Market participants are now closely watching whether TAO can maintain upward pressure without triggering profit-taking at short-term resistance.

Institutional Backing Signals Confidence in Bittensor

In a recent development, Nasdaq-listed Oblong Inc. disclosed plans to raise $7.5 million to invest in TAO. The company aims to support the Bittensor ecosystem by scaling infrastructure and developing tools for decentralized AI.

According to a statement shared by tech investor DREAD BONGO, Oblong views TAO as a core asset for the future of open, collaborative machine intelligence. Their positioning of TAO alongside foundational assets like Bitcoin and Ethereum reflects rising confidence in Bittensor’s long-term potential.

#Nasdaq listed company Oblong $OBLG just announced a $7.5m raise to buy $TAO

Their goal is to make a meaningful contribution to #Bittensor.. supporting the ecosystem by building tools and scaling infrastructure to help grow@oblong_inc believes #Bittensor is doing to AI what… pic.twitter.com/XJKCIGLzUp

— ＤＲＥＡＤ ＢＯＮＧＯ (@DreadBong0) June 9, 2025

Van de Poppe’s analysis remains focused on the $700–$800 target, pending confirmation of a clean break above $475. He noted that if volume accompanies the breakout, 

TAO could see a continuation of its current impulse wave. With both technical setups and institutional support lining up, the case for TAO’s extended rally appears increasingly grounded in fundamentals.

For now, all eyes remain on the resistance zone. A breakout from this level may not only validate bullish projections but also reaffirm Bittensor’s role as a rising force in the AI-crypto intersection.

The post Nasdaq-Listed Oblong Pours $7.5M into Bittensor as TAO Price Rallies: $800 Next? appeared first on Blockonomi.

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Filed under: Bitcoin - @ June 10, 2025 11:08 am