Bittensor Rises 10%, Finds Stability After Recent Dip

Bittensor (TAO) is having a strong day. After a shaky start to the week, this AI-focused token surged nearly 10% on April 18, reclaiming a key support level, and is currently trading around $258, with intraday highs reaching approximately $259.2. This upward momentum appears to have been driven by renewed investor optimism, sparked in part by Nvidia’s reaffirmed commitment to maintaining operations in the Chinese market despite regulatory challenges.

Positive Signals from Nvidia Help AI Tokens Recover

Only yesterday, we wrote about the growth of another AI token, and now Bittensor is joining the trend. So what does it have to do with Nvidia? At first glance, Nvidia’s geopolitical positioning might seem unrelated to Bittensor. However, in the AI token space, moves by major hardware players rarely go unnoticed.

Following Jensen Huang’s visit to Beijing, where he reaffirmed Nvidia’s long-term interest in China despite escalating U.S. restrictions, TAO began to surge. Huang’s promise to keep serving the region with compliant chips came just as Nvidia’s H20 product was blocked from export, putting billions at risk. That news hit Nvidia stock hard, with a 7% dip.

But crypto traders saw an opportunity instead of a risk. Investors took the news as a sign of strength and adaptability. Since Bittensor and similar projects rely heavily on Nvidia-grade hardware, confidence returned quickly. TAO’s trading volume spiked by over 42%, surpassing $113 million in a matter of hours.

Technical Indicators Turn Positive for Bittensor

TAO just broke out of a key technical zone, and traders are watching closely for what comes next. The token has managed to retake the $218 level, which has historically acted as a strong support. And technical indicators had been building a case for this move for a while.

On the daily timeframe, TAO looks to be breaking out of a falling wedge pattern that’s been forming for months—a classic setup for a bullish reversal. The indicators also support it: RSI has pushed past 55, showing growing strength, and the MACD just printed a bullish crossover. These signs suggest sellers might finally be losing control.

Some market watchers, like Bitcoinsensus, have noted a potential double bottom on the weekly chart. If TAO breaks above the neckline, it could open the door to much higher targets—potentially over $1,300. That may sound bold, but this token has surprised the market before.

In the short run, $470 is shaping up to be the next key level. That’s an 82% move from here—optimistic, but not unrealistic if momentum keeps building.

Market Experts Rethink Their Predictions

The recent interest in TAO is not just driven by technical factors but also on-chain data. Open interest in TAO futures has risen more than 20% in the past 24 hours, and Santiment shows social sentiment has flipped from negative to positive.

In response, some analysts have changed their forecasts. Trader Crypto General suggests that TAO could target $760 as the next resistance level, with a potential range up to $1,340 if the bullish trend continues. These targets are based on patterns from previous TAO rallies, often fueled by AI updates or tech news, like Nvidia’s current developments.

However, not all experts are fully convinced. Some caution that TAO could face sudden drops, especially since sentiment is tied to outside factors. If Nvidia’s China strategy faces problems or if global conditions worsen, TAO might retrace some of its recent gains.

Will Bittensor’s Rise Last?

After a rough few weeks, Bittensor is finally showing signs of stabilization. The 10% rebound isn’t a mere reactionary move; it's driven by real volume, shifts in sentiment, and genuine technical breakouts. Nvidia’s strategy shift to solidify its position in China may not seem directly related to blockchain, but it underpins the same elements fueling AI tokens: hardware, demand, and investor faith in the evolution of machine intelligence.

Whether TAO can sustain this uptrend will depend on several factors—follow-through volume, upcoming resistance levels, and external news. However, one thing is clear: Bittensor hasn’t been written off by the market just yet. In fact, it might be on the verge of something bigger.