Bittensor (TAO) Gains Strength: Uptrend Continuation or a Short-Term Pop?

TheNewsCryptoPublished on 2026-03-24Last updated on 2026-03-24

Abstract

Bittensor (TAO) has surged 7.05%, with its price rising from an opening of $279.23 to a high of $319.84, breaking key resistance levels. Currently trading around $308.60, its daily volume increased by 74.73% to $747.93 million, while $3.03 million in TAO was liquidated. Technical analysis shows bullish signals: the MACD indicates strong upward momentum, the CMF suggests mild buying pressure, and the RSI at 62.52 shows room for further gains. The Bull Bear Power reading of 31.5 confirms bullish dominance. If the uptrend continues, the price could reach $318.45, but a downturn might see it retrace to support at $303.21 or lower.

Bittensor (TAO) has noticeably registered a 7.05% surge in value. The opening price of the asset was noted at $279.23, the lowest range of the day. Besides, with the bullish shift within the TAO market, the price rose to $319.84. Significantly, a few crucial resistance levels have been tested and broken to confirm the positive outlook.

At press time, Bittensor traded at around $308.60, with the daily trading volume of the asset having exploded by over 74.73%, reaching the $747.93 million range. Notably, the Coinglass data shows that the market has witnessed a liquidation of $3.03 million worth of TAO in the last 24 hours.

The 4-hour chart of Bittensor exhibits a current upside move, with the price climbing to the $313.72 resistance range. With a sturdy pressure on the upside, the golden cross may form, and the bulls could push the asset’s price up to a high of around $318.45.

If a downtrend emerges for TAO momentum, the price could immediately retrace toward the support level at $303.21. Assuming the bears gain more traction, the death cross might emerge, eventually, leading the asset’s price below $298.26 or even lower.

Can Bittensor Bulls Push the Momentum Higher?

Bittensor’s technical analysis reveals that the Moving Average Convergence Divergence (MACD) line is above the signal line, and both are above the zero line. It indicates a strong bullish sign. The trend is moving upward with solid momentum, and this supports a continued uptrend.

Besides, the Chaikin Money Flow (CMF) indicator stationed at 0.06 suggests mild buying pressure in the TAO market. Also, the capital is flowing into the asset, with the buyers having a small edge. It is not strong, but there is some accumulation happening.

The daily Relative Strength Index (RSI) at 62.52 implies the market is clearly leaning bullish. The buyers are in control, and the price has been moving up with steady momentum, but it is not overheated. There is still room for the upside to continue, though if it pushes closer to 70.

TAO’s Bull Bear Power (BBP) reading of 31.5 shows strong bullish dominance, which pushes the price above its average level. Notably, this reflects real strength in the trend, though if it keeps rising fast, short pullbacks can still happen.

Top Updated Crypto News

Zcash (ZEC) at a Battle Zone: Bounce Back or Breakdown Ahead?

Will the Fed Still Cut Interest Rates? Tonight's Data Is Crucial

The core debate surrounding the Federal Reserve's potential interest rate cuts is intensifying amid geopolitical conflict and rebounding inflation. The key question is whether high energy prices will cause persistent inflation or weaken consumer demand enough to force the Fed to cut rates. Citigroup presents a bullish case for cuts, arguing that oil supply disruptions from the Strait of Hormuz are temporary and will not lead to lasting inflationary pressure. They point to receding bond yields and oil prices as evidence the market is pricing in a short-lived shock. Citi's data also shows tightening financial conditions, a stabilizing labor market, and healthy tax returns, supporting their view that the path to lower rates remains open. Conversely, Deutsche Bank offers a starkly contrasting, more hawkish outlook. They argue the Fed's current policy is already neutral and expect rates to remain unchanged indefinitely. Their view is based on stalled disinflation progress and a shift toward more hawkish rhetoric from key Fed officials like Waller, who cited risks from prolonged Middle East conflict and tariffs. Other officials, including Williams and Hammack, signaled rates would likely stay on hold for a "considerable time." The market pricing has shifted dramatically, now forecasting zero cuts in 2026. The imminent release of the March retail sales "control group" data is highlighted as a critical test. This metric, which excludes gas station sales, will reveal if high gasoline prices are eroding consumer spending in other areas. A weak reading could support the case for imminent rate cuts, while a strong one would bolster the argument for the Fed to hold steady. This data is pivotal for determining the near-term policy path.

marsbit9m ago

Will the Fed Still Cut Interest Rates? Tonight's Data Is Crucial

marsbit9m ago

The Second Half of Macro Influencer Fu Peng's Career

Fu Peng, a prominent Chinese macroeconomist and former chief economist of Northeast Securities, has joined Hong Kong-based digital asset management firm Bitfire Group (formerly New Huo Group) as its chief economist. This move, announced in April 2026, triggered an 11% surge in Bitfire's stock price. Fu, known for his accessible macroeconomic commentary and large social media following, will focus on integrating digital assets into global asset allocation frameworks, particularly combining FICC (fixed income, currencies, and commodities) with cryptocurrencies for institutional clients. His career includes roles at Lehman Brothers and Solomon International, with significant influence gained through public communication. However, in late 2024, Fu faced temporary social media bans after a controversial private speech at HSBC on China's economic challenges, though he denied regulatory sanctions. He later left Northeast Securities citing health reasons. Bitfire, a licensed virtual asset manager serving high-net-worth clients, seeks to build trust and attract traditional capital through Fu’s expertise and credibility. The partnership represents a strategic shift for both: Fu enters the crypto sector after a traditional finance peak, while Bitfire aims to leverage his macro framework for institutional adoption. Outcomes remain uncertain regarding capital inflows and compatibility within corporate structure.

marsbit1h ago

The Second Half of Macro Influencer Fu Peng's Career

marsbit1h ago

Stablecoins Don’t Meet Core Requirements Of Money, BIS Says

The Bank for International Settlements (BIS) General Manager, Pablo Hernández de Cos, stated that existing stablecoins fail to meet the core requirements of money, specifically "singleness" and "interoperability." Singleness refers to the need for different forms of money to be interchangeable at par value, which is ensured by central banks in traditional finance but not in decentralized stablecoins. Interoperability means seamless cross-platform transactions, which stablecoins currently lack due to fragmentation across multiple blockchains. These shortcomings limit stablecoins' network effects and widespread acceptance, keeping them a "niche" payment instrument. However, de Cos acknowledged their potential to improve cross-border payments, though he also warned of risks to financial stability and monetary policy. Despite a bearish crypto market, the stablecoin market cap has reached a new all-time high of over $320 billion.

bitcoinist1h ago

Stablecoins Don’t Meet Core Requirements Of Money, BIS Says

bitcoinist1h ago

What Does the Outcome of the Midterm Elections Mean for Trump and Crypto?

The article analyzes the potential impact of the upcoming US midterm elections on Trump and cryptocurrency policy. Historically, the president's party loses congressional seats in 90% of midterms since 1946, making a Republican loss in the House highly probable. Current predictions suggest Democrats may take the House while Republicans retain the Senate, resulting in a divided government. Despite potential losses, Trump could still advance crypto-friendly policies through executive orders, agency appointments (if the Senate is held), budget reconciliation, and veto power. However, major structural bills like the CLARITY Act or a comprehensive stablecoin law would likely stall without a Republican majority in both chambers. The crypto industry has invested heavily ($288 million) in the elections to push for favorable legislation before the midterm window closes in mid-2026. While Trump remains the most crypto-friendly US president to date, advancing key reforms may be delayed until after 2028 if the legislative window is missed. The overall pro-crypto shift in US politics is seen as irreversible, even if progress slows temporarily.

marsbit2h ago

What Does the Outcome of the Midterm Elections Mean for Trump and Crypto?

marsbit2h ago

Cardano Leadership Structure Comes Under Scrutiny, Clouding Its Future – See Why

Cardano is recognized as one of the most decentralized blockchains, yet recent criticism highlights its lack of clear leadership. Analyst Cardano Yoda argues that despite the introduction of on-chain governance—which involves DReps (governance decision-makers) and Pentad (leadership and execution)—the network remains centralized in practice. While DReps control treasury spending, they lack coordination and strategic direction, relying instead on founding entities like IOG, the Cardano Foundation, and EMURGO. This creates fragmented leadership and accountability issues. Yoda suggests that DReps should evolve into a more coordinated body, possibly through a board or DAOs, to define strategy and improve governance effectiveness. Enhanced cooperation between DReps, founding entities, and Intersect is essential for Cardano’s future leadership clarity and operational unity.

bitcoinist4h ago

Cardano Leadership Structure Comes Under Scrutiny, Clouding Its Future – See Why

bitcoinist4h ago

Trading

Spot

Futures