Bittensor Price Rises 18% as NVIDIA CEO Praises Decentralized Training of AI by Bittensor, TAO Bulls Target $310
Highlights:
- Bittensor price has surged 18% to trade at $290, as bullish sentiment builds.
- The recent rise comes as NVIDIA CEO Jensen Huang praises the achievement of the milestone of the decentralized training of AI by Bittensor.
- The technical outlook shows intense buying pressure as TAO bulls target the $310 high.
Bittensor (TAO) price has gained a spot among the top gainers today, soaring 18% to the $290 mark. The positivity comes following the praises of Jensen Huang and Chamath Palihapitiya on the achievement of the milestone of the decentralized training of AI by Bittensor. In the meantime, additional reinforcement of on-chain data indicates that the bulls are strengthening their positions. This further implies an additional gain of TAO bulls target $310 in the next few days.
Recently, Bittensor was mentioned in an interview on the All-In Podcast on Friday. Chamath Palihapitiya announced the recent breakthrough in decentralized AI training by the project. They trained a 4 billion parameter LLaMA distributed entirely with a group of individuals contributing additional compute. NVIDIA CEO has noted this, “as a fairly wild technical achievement.”
BREAKING: NVIDIA CEO Jensen Huang and Chamath discuss Bittensor $TAO https://t.co/bXrOWCpgD9
— TAO Telegraph — Bittensor Media (@taotelegraph) March 19, 2026
The NVIDIA CEO Jensen Huang embraced the idea, adopting the idea of the AI market as a coexistence of decentralized and proprietary models.
Meanwhile, Santiment data shows that the trading volume of the Bittensor ecosystem has been steadily increasing. It recently hit the highest point reached on Sunday of $677.06 million, which is the highest since November 7. This upward movement of the volume shows that there is increased interest and liquidity among traders in Bittensor.
On the other hand, the derivatives market upholds a positive outlook, as the open interest and volume spike. The OI has increased by 48% to $398 million, while the volume is up 102% to $1.87 billion. This suggests intense investor confidence in the TAO market.
TAO Bulls Target the $310 Recent High
On the 4-hour chart, the Bittensor price has climbed from lows near $244 to recent highs at $310, before slightly retracing to $290. The chart shows the price is now trading just above the 50‑day Simple Moving Average (SMA) near $259, and remains well above the 200‑day SMA around $202. This alignment keeps the broader uptrend intact, tilting the odds towards the bulls.
The RSI sits just above the neutral 50 line at 59.90, showing that the bullish sentiment is still intact. If buying activity continues, the RSI still has room for more upside before overbought conditions resume. The MACD histogram is positive, calling for investors to rally behind TAO. This hints at a further uptrend if demand keeps improving.
A bounce from current levels and a daily close back above the recent $310 high would signal that bulls are ready to push the TAO price higher. If bulls defend the current levels and the support areas hold firm, a rebound to $310 could be possible. A break above $310 would send the Bittensor price towards $330-$360 in the coming days. For the short term, if the price drops below $282, the next strong floor sits closer to the $262-$259.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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