- Bittensor (TAO) price gained 5% to intraday highs of $241.
- TAO rose as AI tokens rallied, with Render and Virtuals Protocol also up.
- Bulls target a breakout, with $240 as support amid potential macroeconomic tailwinds.
Bittensor’s TAO token was showing strong bullish momentum as the artificial intelligence-linked cryptocurrency segment recorded notable gains.
TAO ranked among the top performers over the past 24 hours, with traders eyeing a potential breakout above the $240 level.
Beyond the broader AI narrative, improving market sentiment ahead of key macroeconomic events and earnings releases has helped drive renewed interest in the decentralised AI token.
Bittensor price touches $240
Bitcoin’s move to above $90,000 on Wednesday, and Ethereum’s uptick to $3,000 headlined crypto stories in early trading sessions on January 28.
An anticipated Federal Reserve decision and Big Tech earnings, which highlight this week’s events, helped put risk assets back into an upward trajectory.
As the top coins heave at resistance levels, Bittensor and other AI tokens rallied.
TAO price jumped 5% as derivatives signalled retail interest, with trading volumes spiking alongside heightened open interest in futures markets.
Having retested the $240 level and briefly touched $241, bulls are likely to regroup and power to new intraday highs.
Macroeconomic tailwinds could catapult TAO higher.
TAO gains as AI tokens rally
Bittensor was not the only AI-linked token to post gains on the day.
Rallies in Render, Virtuals Protocol and the Artificial Superintelligence Alliance placed all three among the top gainers within the top 100 cryptocurrencies by market capitalisation.
RENDER, VIRTUAL, and FET rose between 5% and 9% over the past 24 hours, while smaller tokens such as Oasis, AI Companion and Kite recorded sharper advances.
The broad-based move higher points to a renewed upswing in the AI crypto segment, underscoring the strength of the sector’s narrative, with Bittensor continuing to stand out through its subnet-based ecosystem.
Improving sentiment across the category suggests potential accumulation, with large holders showing interest as asset managers roll out investment products that provide exposure to AI-focused digital assets.
Bittensor price forecast
Bittensor’s architecture incentivises AI model contributions via competitive subnets, which is driving adoption and value accrual.
Technical patterns signal a potential bullish breakout, with support targets above $240 likely if bulls dominate on strong volume.
On the 4-hour chart, Bittensor sports positive momentum indicators, including RSI recovery and MACD.
The latter paints a bullish crossover pattern, suggesting taking out bears above $240 might be pivotal for buyers.
On the flip side, support lies around the $235-$230 area. Bulls will be eyeing the artificial intelligence narrative and the Fed.
