Bittensor Price Surges by Over 10% After Ecosystem Expansion
Bittensor's (TAO) price surged by over 10% after it expanded its ecosystem through a launch on Robinhood Chain via Chainlink's CCIP. This move is expected to bring in fresh interest and activity within the decentralized AI sector.
The addition of Bittensor to Robinhood Chain has opened up new distribution channels beyond its native network, fueling sentiment and attention from investors. Recent protocol upgrades, such as Runtime 454, and participation in the Exploit Summit Montreal event, have also contributed to the positive momentum.
Technical indicators suggest that TAO/USD is maintaining bullish momentum above key moving averages, with a price at $259 exceeding MA-20 ($225.41), MA-50 ($207.78), and MA-200 ($236.3). The MACD gives a strong buy signal, while the ADX confirms ongoing upward movement.
With TAO/USD positioned above all key moving averages, the price is expected to continue its upward trend, with immediate resistance at $272.05 being a critical level for traders to monitor.