Bittensor (TAO) jumped 16.08% in 24 hours to a high of $319.84, outperforming Bitcoin’s 3.95% daily gain. The rally combined a fresh institutional research report, a clean technical breakout above $310, and rising social chatter.
Holland Park Fund Initiates Coverage with $1,200 Target
On March 23, Holland Park Fund published a research note on Bittensor, initiating coverage with a $1,200 price target. The fund urged investors to “study Bittensor… in a real hurry,” a line that quickly boosted bullish sentiment and attracted traders eyeing AI-linked crypto assets.
Jason Calacanis' 200x Comment Adds Fuel
Crypto influencer account Altcoin Daily shared venture capitalist Jason Calacanis’ view that $TAO could go 200x in 5 to 10 years. Though a personal long-term perspective, it amplified the positive tone during the rally and likely widened the buyer base.
Technicals: $310 Breakout, Volume Surges 132%
TAO broke above the key $310 resistance zone with conviction. The session opened near $293.86, touched a low of $290.01, peaked at $319.84, and settled around $310.22. Trading volume hit $751 million, up more than 132%, confirming strong participation. RSI climbed from 65.77 to 75.17, entering overbought territory but showing solid momentum. Market cap stood at $3.34 billion, with circulating supply of 10.76 million tokens against a total supply of 21 million.
Near-Term Outlook: $310 Support is Key
If TAO holds above $310, the next upside target is $350. A slip below $300 would signal profit-taking and risk a retest of lower support. The next 24-48 hours will be critical to confirm whether the breakout sustains. Unlike a typical altcoin bounce, this move combines a clear catalyst, technical confirmation, and broad attention — a structurally stronger setup.