Bittensor (TAO) Surges 105% Monthly But Faces Potential 40% Correction Warning

Key Highlights

• TAO surged from $154 and now trades between $327 and $330, posting over 20% weekly gains.
• On-chain metrics reveal sustained buying pressure since February’s bottom, with spot CVD indicators turning positive.
• The entire Bittensor subnet token ecosystem reached a combined $1.4 billion valuation, with most assets showing strong monthly performance.
• Technical analysis points to a golden cross fractal pattern that historically precedes 40% retracements to approximately $200.
• DexCheck AI identifies medium selling pressure risk, noting 1,200 wallets holding $2.8 million in paper profits.

Bittensor (TAO) has staged an impressive comeback from February’s downturn, surging from $154 to approximately $330. This rally has refocused market attention on the cryptocurrency and its artificial intelligence-oriented network infrastructure.

Data from CryptoQuant reveals that the 90-day Spot Taker Cumulative Volume Delta (CVD) shifted to buyer dominance following the $154 support level. Extended periods of positive volume bars have replaced the prolonged selling pressure observed in previous months, indicating genuine accumulation in spot markets rather than leveraged futures speculation.

TAO’s valuation has recovered to approximately $3.17–$3.53 billion. Trading volume over the past day reached around 1.79 million TAO tokens, representing 18.68% of available supply. This level of activity is remarkably elevated for an asset in this market cap range.

The cryptocurrency has recorded gains exceeding 105% over the past month, with 58% and 21% increases over 14-day and 7-day periods respectively. A mid-week correction triggered a 17% decline from recent peaks before buyers stepped in for a partial recovery.

Subnet Ecosystem Demonstrates Strength

The broader Bittensor network is experiencing parallel growth alongside TAO’s price appreciation. Subnet tokens collectively reached a $1.4 billion market capitalization, with virtually all subnet assets posting double-digit percentage gains throughout the past month.

Staking metrics reveal that over 33% of all staked TAO is now allocated to subnet operations. This figure demonstrates increasing engagement with the subnet infrastructure and indicates confidence extending beyond mere price speculation.

Charts Signal Possible Retracement

According to CoinMarketCap, TAO rallied approximately 160% leading into a golden cross formation on March 26. Fractal analysis examining previous golden cross occurrences for TAO indicates typical pullbacks averaging 40% over five to six-week periods, which would target the $200 zone.

Current intraday RSI readings hover around 62, with the 7-day RSI positioned near 58. These metrics indicate bullish momentum while stopping short of oversold territory that would signal an exhaustion reset.

DexCheck AI, a cryptocurrency analytics service, reported via X that approximately 1,200 TAO holders are carrying more than $2.8 million in unrealized gains following a 70% price advance over 30 days. The average return across these positions stands at 32%. DexCheck assigned a medium risk rating for potential selling, citing an Unrealized Profit Capture Ratio (UPCR) of 77%, and projected that a standard correction appears probable in coming sessions.

TAO presently trades around $330 with a market capitalization of roughly $3.17 billion.

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