Bittensor (TAO) has staged a strong recovery over recent weeks, climbing around 30% since mid-April after a prolonged correction that pushed the token far below its 2024 highs. The price recently reclaimed the $275 zone and currently trades near $310, driven by two major catalysts: the Robin τ upgrade that expanded subnet capacity from 128 to 256, and the launch of a canonical Wormhole bridge connecting TAO to Solana’s DeFi ecosystem.
Technical analysts note that TAO has been building a bullish structure with higher lows forming after the decline from the $360 area. The $320–$325 resistance zone now looms as a critical test; a breakout above it could target $350 and $375, and potentially open the path toward retesting the all-time high near $770. On-chain and fundamental metrics support the optimism—Q1 network revenue hit $43 million in subnet fees, while Nvidia reportedly holds approximately $420 million in TAO.
However, the long-term chart remains within a descending triangle pattern, with lower highs dating back to 2024. Bulls must clear the $400–$450 region to invalidate this bearish structure and aim for the $540 and $740 resistance zones. Failure to do so risks another lower low, potentially sending TAO below $140. For now, sustained support above the $275–$285 range keeps short-term momentum positive, while the AI-focused narrative continues to draw attention to the project.
The Robin τ upgrade (activated May 3) and the Wormhole integration significantly enhance Bittensor’s utility, positioning the protocol for broader adoption across multiple chains. Market participants are closely watching whether this technical progress can translate into a lasting trend reversal.
