Bittensor’s TAO token is showing early signs of a bullish reversal despite trading around $211.39 and logging a 1% decline over 24 hours with volumes down 11%. A higher low at $195 in July, following June’s $180 floor, has given buyers a technical foothold inside the ongoing downtrend. Momentum indicators are turning: the MACD histogram flipped positive at 1.2 and the RSI climbed to 44.02, crossing above its signal line at 40.82, suggesting waning selling pressure.
Fundamental catalysts are stacking up. Kraken has listed TAO for spot trading, widening access through its regulated venue and supporting major fiat pairs on Kraken Pro. At the same time, Alchemy Pay integrated TAO into its fiat payment network, allowing direct purchases via bank transfers and credit cards—removing the friction of first acquiring USDT.
Institutional interest adds another layer. Grayscale and Bitwise filed for spot TAO ETFs in April, with a SEC decision due by August 2026. An approval would open a regulated gateway for larger capital. The Bittensor ecosystem is expanding: subnet slots doubled from 128 to 256, and 67% of the circulating supply remains staked post-halving, tightening market liquidity.
Key resistance sits at $225 and $250; a breakout above $250 would invalidate the broader downtrend and could propel the TAO price toward $300. Failure to hold $195 would undermine the bullish setup.
