Bittensor Price Jumps 120% as AI Momentum Fuels TAO Demand

Key insights

• The Bittensor price climbed over 120% in March as subnet expansion and AI model progress increased network usage and token demand significantly.

• NVIDIA CEO Jensen Huang’s endorsement boosted credibility, attracting wider institutional attention while strengthening confidence in decentralized AI training across Bittensor network participants.

• Technical indicators show a sustained bullish structure with resistance near $340, while support at 300 dollars remains critical for maintaining upward trend continuation.

Bittensor rally accelerates in March

Bittensor recorded a sharp rally in March, with its TAO token climbing more than 120% and reaching a yearly peak of $371. However, the price later eased and traded near $318 at the time of reporting. The surge reflects rising activity across its decentralized AI network.

Significantly, Nvidia CEO Jensen Huang publicly praised Bittensor’s decentralized AI training model. His remarks highlighted the network’s role in building the Covenant 72B model across distributed nodes. Consequently, this recognition expanded credibility beyond crypto markets and attracted broader institutional interest.

Subnet growth drives token demand

Moreover, the expansion of Bittensor’s subnet ecosystem has played a central role in the rally. The combined valuation of subnet tokens approached 1.5 billion dollars in late March. Additionally, users must hold and stake TAO to participate, which reinforced demand across the network.

The launch of the Covenant 72B model on the Templar subnet further supported the upward move. Reports indicate the model competed strongly with major alternatives such as Meta’s Llama 2 in several benchmarks. Hence, the network demonstrated its ability to handle advanced AI workloads across decentralized infrastructure.

The price structure remains upward

Technically, TAO continues to trade within an ascending channel that formed in late February. This pattern often signals sustained upward movement as prices move between support and resistance levels. Besides, the Supertrend indicator has turned positive, confirming bullish momentum.

Source: TradingView

Additionally, the Aroon indicator reflects strong upward pressure, with Aroon Up holding well above Aroon Down. This imbalance suggests buyers continue to dominate market direction. Consequently, the broader trend still favors further upside in the near term.

Resistance and support levels in focus

The immediate resistance level stands near $340, aligning with a key Fibonacci retracement point. A break above this level could push the price toward the $400 range. However, a drop below $300 may weaken the current structure and lead to a deeper pullback.