{"id":12905,"date":"2026-09-07T11:34:15","date_gmt":"2026-09-07T11:34:15","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12905"},"modified":"2026-09-07T11:34:15","modified_gmt":"2026-09-07T11:34:15","slug":"bittensor-targets-300-as-tao-extends-five-day-rally","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12905","title":{"rendered":"Bittensor targets $300 as TAO extends five-day rally"},"content":{"rendered":"
<\/p>\n
\n
\n
\n\n<\/picture> <\/div>\n<\/p><\/div>\n
Key takeaways<\/span><\/p>\n
\n
Bittensor trades higher on Monday, extending its five-day gain to approximately 25%.<\/span><\/li>\n
TAO\u2019s social dominance has increased amid renewed interest in AI tokens and the launch of the Buttensor meme coin on Solana.<\/span><\/li>\n
TAO open interest reached a three-month high of $428.57 million, indicating growing derivatives activity.<\/span><\/li>\n<\/ul>\n
Bittensor (TAO) trades in positive territory on Monday, extending its steady five-day rally to approximately 25%.<\/span><\/p>\n
The artificial intelligence-focused token gained 16% last week before rising another 12% on Sunday. TAO has now reached a two-month high as buyers target a breakout above the psychological resistance at $300.<\/span><\/p>\n
Social activity surrounding Bittensor is also increasing, supported by renewed interest in AI-related cryptocurrencies and the launch of a similarly named meme coin on Solana.<\/span><\/p>\n
A Bittensor parody token named Buttensor (BUTT) launched on Raydium, a Solana-based decentralized exchange, on Monday.<\/span><\/p>\n
The meme coin\u2019s debut followed Raydium\u2019s<\/span> official launch of TAO trading<\/span> on the platform a day earlier. BUTT was subsequently paired with TAO.<\/span><\/p>\n
The meme coin\u2019s tokenomics direct transaction fees toward automatically purchasing TAO and distributing the acquired tokens to BUTT holders. The arrangement connects speculative activity around the meme coin with demand for Bittensor\u2019s native token.<\/span><\/p>\n
However, the sustainability of this buying pressure will depend on continued trading activity and retail interest in BUTT.<\/span><\/p>\n
The release of ChatGPT-6 Astra has also coincided with renewed demand for AI-focused cryptocurrencies.<\/span><\/p>\n
Santiment data shows that TAO\u2019s social dominance climbed to 0.05% on Thursday following Astra\u2019s release. The metric has since risen to 0.12%, with the launch of Buttensor contributing to the increase in online discussion.<\/span><\/p>\n
Social dominance measures an asset\u2019s share of cryptocurrency-related conversations. A rising reading can indicate growing investor interest, although elevated social activity can also accompany speculative price movements.<\/span><\/p>\n
Activity in Bittensor\u2019s derivatives market has strengthened alongside the price rally. CoinGlass data shows that <\/span>TAO open interest<\/span> reached a three-month high of $428.57 million on Monday.\u00a0<\/span><\/p>\n
The increase indicates that traders are adding positions rather than simply closing existing contracts during the rally.<\/span><\/p>\n
Rising open interest alongside an advancing price generally supports a bullish outlook. However, a large buildup in leveraged positions could increase volatility and liquidation risk if TAO suddenly reverses.<\/span><\/p>\n
TAO momentum strengthens near $300<\/h2>\n
Bittensor trades comfortably above its 50-day, 100-day, and 200-day exponential moving averages, which are clustered between approximately $220 and $236.<\/span><\/p>\n
Its position above these major indicators confirms the strength of the current uptrend and provides several potential support levels during a correction.<\/span><\/p>\n
The Moving Average Convergence Divergence indicator remains above its signal line in positive territory, suggesting upside momentum is intact.<\/span><\/p>\n
However, the Relative Strength Index has reached 70 on the daily chart. This reading places TAO at the threshold of overbought conditions and warns that the rally could temporarily cool as traders take profits.<\/span><\/p>\n
<\/p>\n
The psychological $300 level represents TAO\u2019s immediate resistance. A confirmed daily close above $300 would reinforce the bullish outlook and could open the path toward $369, a high recorded on Sept. 13, 2025.<\/span><\/p>\n
Conversely, rejection from $300 could trigger a pullback toward the 200-day EMA near $236. If that support fails, the 100-day EMA at $222 and the 50-day EMA around $220 form a deeper demand zone.<\/span><\/p>\n
TAO\u2019s outlook remains bullish while it trades above the moving-average cluster, but overbought conditions leave the token vulnerable to a short-term correction before another breakout attempt.<\/span><\/p>\n
Key takeaways Bittensor trades higher on Monday, extending its five-day gain to approximately 25%. TAO\u2019s social dominance has increased amid renewed interest in AI tokens and the launch of the Buttensor meme coin on Solana. TAO open interest reached a three-month high of $428.57 million, indicating growing derivatives activity. Bittensor (TAO) trades in positive territory<\/p>\n","protected":false},"author":1,"featured_media":12906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-12905","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\n
Bittensor targets $300 as TAO extends five-day rally - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Bittensor extends its five-day rally to 25% as TAO open interest hits $428.57 million and growing AI interest supports a potential breakout.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=12905\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bittensor targets $300 as TAO extends five-day rally\" \/>\n<meta property=\"og:description\" content=\"Bittensor extends its five-day rally to 25% as TAO open interest hits $428.57 million and growing AI interest supports a potential breakout.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=12905\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-07T11:34:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-7-2026-11_16_02-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1774\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12905\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=12905\",\"name\":\"Bittensor targets $300 as TAO extends five-day rally - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12905#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12905#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-7-2026-11_16_02-AM.png\",\"datePublished\":\"2026-09-07T11:34:15+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Bittensor extends its five-day rally to 25% as TAO open interest hits $428.57 million and growing AI interest supports a potential breakout.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12905#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=12905\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12905#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-7-2026-11_16_02-AM.png\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-7-2026-11_16_02-AM.png\",\"width\":1774,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12905#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bittensor targets $300 as TAO extends five-day rally\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto & Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bittensor targets $300 as TAO extends five-day rally - Crypto News: Latest Cryptocurrency News and Analysis","description":"Bittensor extends its five-day rally to 25% as TAO open interest hits $428.57 million and growing AI interest supports a potential breakout.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=12905","og_locale":"en_US","og_type":"article","og_title":"Bittensor targets $300 as TAO extends five-day rally","og_description":"Bittensor extends its five-day rally to 25% as TAO open interest hits $428.57 million and growing AI interest supports a potential breakout.","og_url":"https:\/\/cryptonews.uk.com\/?p=12905","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-09-07T11:34:15+00:00","og_image":[{"width":1774,"height":887,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-7-2026-11_16_02-AM.png","type":"image\/png"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=12905","url":"https:\/\/cryptonews.uk.com\/?p=12905","name":"Bittensor targets $300 as TAO extends five-day rally - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=12905#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=12905#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-7-2026-11_16_02-AM.png","datePublished":"2026-09-07T11:34:15+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"Bittensor extends its five-day rally to 25% as TAO open interest hits $428.57 million and growing AI interest supports a potential breakout.","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=12905#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=12905"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=12905#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-7-2026-11_16_02-AM.png","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-7-2026-11_16_02-AM.png","width":1774,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=12905#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Bittensor targets $300 as TAO extends five-day rally"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto & Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/12905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12905"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/12905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/12906"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-7-2026-11_16_02-AM.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\n![\"TAO\/USD](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/TAOUSD_2026-09-07_11-12-16.png\")
<\/p>\n