TAO (Bittensor) surges 17% in 24 hours: NVIDIACEO endorsement and AI narrative drive rally
Bitget Pulse2026/03/24 07:55Volatility Brief
In the past 24 hours, TAO price rebounded from a low of $264 to nearly $320, currently quoted at $318.7, with a price swing of 21.2% and a 24-hour increase of about 17%. Trading volume surged to $709 million, significantly higher than before.
Analysis of the Abnormal Movement
• NVIDIA CEO Jensen Huang praised decentralized AI in a podcast and mentioned TAO's Covenant-72B model, fueling the AI narrative and directly triggering the price rebound.
• Social engagement reached 3.86 million in the past 24 hours, hitting a one-year high, combined with increased activity in the ecosystem's subnetworks.
• Price broke through the key $300 resistance level, with institutions like Grayscale continuously accumulating $47M funds.
Market Opinion and Outlook
Community sentiment is 81% bullish, X platform traders are actively buying, with expectations of challenging $400. However, analysts warn of short-term pullback risks after rapid gains, with attention on $300 support.
Note: This analysis is auto-generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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