Bittensor Blasts Past 25% Gains as AI Token Frenzy Intensifies

Bittensor's price has been on an upward trend over the past five days, reaching a gain of approximately 25%. The token's social dominance has also increased due to renewed interest in AI tokens and the launch of the Buttensor meme coin on Solana. This attention is fueled by the release of ChatGPT-6 Astra, which has led to growing demand for Bittensor.

TAO open interest reached a three-month high of $428.57 million on Monday, indicating that traders are adding positions rather than closing contracts during the rally. The Moving Average Convergence Divergence indicator remains above its signal line in positive territory, suggesting upside momentum is intact. However, the Relative Strength Index has reached 70 on the daily chart, placing TAO at the threshold of overbought conditions.

The psychological $300 level represents Bittensor's immediate resistance. A confirmed daily close above this price would reinforce the bullish outlook and could open the path toward $369, a high recorded on September 13, 2025. Conversely, rejection from $300 could trigger a pullback toward the 200-day EMA near $236.