TAO Jumps 10% Daily as Bittensor Breakout Targets $580

Bittensor’s TAO is leading the top-100 market, up about 10% on the day after a four-month high near $320 and trading around $310. Its market cap is reported near $3B, and the article says TAO has even flipped WLFI, a token tied to the Trump family. Technically, analysts point to a potential breakout from a “right-angled descending broadening wedge.” Ali Martinez flags a bigger upside run, with a target around $580 if the breakout confirms. Other traders are more cautious but still bullish: Crypto Tony looks for a reclaim of $310 and a move toward at least $350, while Rendoshi expects around $400. The rally also got a boost from attention and mentions involving Bittensor, including statements by NVIDIA CEO Jensen Huang and entrepreneur Chamath Palihapitiya. Risk signals are rising for TAO. The token is up nearly 75% over the past month, exchange inflows have exceeded outflows in March (often linked to near-term selling pressure), and TAO’s RSI is around 70—suggesting overbought conditions and a possible pullback even if the breakout narrative holds.