TAO rose about 13% over 24 hours to trade near $266. Nvidia said its agreement for Hugging Face will expand its AI ecosystem. The news resonated with the Bittensor community, where Hugging Face tools are widely used in the development of subnets and related projects.
TAO price levels to watch
During the move, TAO traded between $238.70 and $277.00, while its market capitalisation approached $2.57 billion. The token remained above its 20-day exponential moving average near $246.75, keeping the short-term structure constructive.
Immediate support sits near $261.60, followed by $246.75 and $238.62. On the upside, $277 is the first resistance area; a volume-backed move beyond it would put the psychological $300 mark in play.
Momentum remains firm, but volatility is elevated
The 14-period RSI was close to 68, pointing to strong momentum without an extreme overbought reading. At the same time, the MACD histogram suggested that the rally’s pace was beginning to cool, leaving room for consolidation around $260–$275.
A sustained break above $277 could open a path toward $285–$300 and, in a stronger momentum scenario, a broader $285–$400 range. Conversely, a daily close below the 20-day EMA would increase the risk of a pullback toward $238.62. For a broader look at the sector, see our altcoin update.
