Bittensor (TAO) rose sharply on Friday, jumping more than 17% in intraday gains to hit highs above $300.
While the token is trading slightly below its 24-hour peak, bullish sentiment suggests that TAO could extend its V-shaped recovery and target further upside movement.
Could the attention brought by Nvidia CEO Jensen Huang and Chamath Palihapitiya to Bittensor’s decentralized AI ecosystem push prices higher?
What did Nvidia CEO say about Bittensor?
As noted, Bittensor’s price rose sharply amid the latest commentary from industry leaders on the blockchain project’s decentralized AI advancements.
Chamath Palihapitiya and Nvidia CEO Jensen Huang have both endorsed Bittensor’s large language model training.
They shared their comments on the All-In Podcast.
According to Chamath Palihapitiya, the training of a “4 billion parameter LLaMA model” via a distributed network is a “pretty crazy technical accomplishment.”
NVIDIA CEO Jensen Huang responded positively, stating that decentralized and proprietary AI models can coexist harmoniously in the market, emphasizing “these two things are not A or B; it’s A and B.”
This aligns with Bittensor’s peer-to-peer compute-sharing model, which rewards participants with TAO tokens.
Notably, the buzz relates to how Huang’s take ties into Bittensor’s Covenant 72B-parameter model.
TAO price reacts, jumps to $300
Covenant is fully trained on the decentralized Subnet 3 platform, with over 70 contributors utilizing standard internet connectivity.
Anticipation around the 72B Covenant has reinforced investor confidence in its potential growth.
Many predict Bittensor could become a defining part of the AI-crypto intersection, and TAO is up as excitement skyrockets.
Analysts note Palihapitiya and Huang’s endorsement of decentralized AI could bolster the broader AI-crypto sector.
TAO and other cryptocurrencies in the category are posting notable gains, including Render, Kite, and Internet Computer.
Bittensor price pumped to highs above $300.
Data from CoinMarketCap indicates the market cap of the AI and Big Data category has increased 4% in the past 24 hours to $17.2 billion.
Bittensor price outlook: Is 500 next for TAO?
TAO price is currently up by more than 28% over the past week and 56% this past month.
At current levels, Bittensor has formed a V-shaped recovery from lows of $240 a day earlier. Bullish momentum has also flipped prices from lows of $143 on February 11, 2026.
The uptick since the breakout from an ascending triangle pattern sees TAO testing resistance levels last seen in December 2025.
From a technical perspective, short-term optimism holds as prices hover above both the 100 and 200 EMAs on the daily chart.
Breaching immediate resistance at $310 could bring targets at $365 and $450 into play. TAO reached its all-time high of $767 in April 2024.
However, the daily RSI is in the overbought territory around 76, signaling a potential reversal.
Also, the MACD remains above its signal line, but the shrinking green histograms suggest momentum could be fading.
If sell-off pressure mounts, key support remains at the 100-day and 200-day EMAs at $233 and $265, respectively.
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