Bittensor's TAO Surmounts Two-Month Resistance Amid Enterprise Testing Momentum
Bittensor's token, TAO, has regained its footing above the 50-day simple moving average after spending nearly two months below it. As of August 9, 2026, TAO is trading around $205, having reached a high of $210 earlier in the day.
The next hurdle for Bittensor lies in reclaiming the $206 level, which serves as both resistance and support. A close above this level could pave the way for further gains towards $225, where the 0.618 Fibonacci retracement level is located.
Recent developments within the Bittensor ecosystem have provided a fundamental boost to the token's recovery. Five enterprise platforms with a combined value of over $22 billion are testing technology developed by Bittensor's RedTeam subnet, which has been touted as an immune system capable of anticipating cyber threats.