TAO Surges 20%+ As NVIDIA CEO Endorses Bittensor

• TAO jumps over 20% to $294.85 after Jensen Huang highlights Bittensor’s AI model breakthrough.
• Price clears all key EMAs and reclaims the Bull Market Support Band for the first time since November.
• Volume doubles as TAO extends its March rally to 46% following Covenant-72B deployment.

Bittensor is up more than 20% since yesterday, tagging $310.23 before pulling back slightly to $294.85. The catalyst is clear. NVIDIA CEO Jensen Huang mentioned Bittensor by name on the All-In Podcast, praising the team for training a 4-billion-parameter Llama model in a fully distributed manner. 

Daily Chart: Bull Market Support Band Cleared For First Time Since November

The daily chart shows TAO breaking above the Bull Market Support Band at $250.52 to $258.49 in yesterday’s session, the first time price has traded above it since the November 2025 breakdown. All four EMAs are now below price: 20-day at $237.63, 50-day at $219.18, 100-day at $233.42, and 200-day at $265.41. The 200-day EMA at $265.41 is the only one still near current levels and will act as the next resistance test on any pullback.

The descending trendline from the November peak near $550 continues to slope downward through the $310 to $320 area, aligning closely with yesterday’s session high. That trendline has been in place for four months and is the last structural barrier between current price and a genuine trend reversal.

Key levels:

• Bull Market Support Band: $250.52 to $258.49
• 200-day EMA resistance: $265.41
• Descending trendline resistance: ~$310 to $320
• Next target above trendline: $375 to $400

Jensen Huang’s Endorsement Was The Match

Huang’s comments on the All-In Podcast were specific, not generic. He pointed to Bittensor’s distributed training of a 4-billion-parameter Llama model as a technically remarkable achievement, describing how the team executed and oversaw the full training workflow in a stateful manner across a distributed network. For context, distributed AI training at that parameter scale without centralised infrastructure is genuinely difficult, and Huang’s acknowledgement signals that the Bittensor architecture is being taken seriously at the highest level of the AI industry.

The endorsement lands on top of a month that was already moving. TAO is up 46% in March after the Covenant-72B deployment earlier this month, where the network ran a 72-billion-parameter model on Subnet 3. That subnet’s native templar token spiked 194% in the week after deployment as demand for decentralized compute accelerated. Institutional interest is growing, partly because a Grayscale ETF for TAO is reportedly approaching approval.

Bittensor runs across 128 specialised subnets, and the modular architecture is attracting developers who want focused compute environments rather than a generalised network. The Covenant-72B result proved the system can handle enterprise-scale workloads, and Huang’s endorsement brings that proof in front of an entirely new audience.

Outlook: Will Bittensor Go Up?

• Bullish case: TAO holds the Bull Market Support Band above $258 on any pullback, breaks the descending trendline at $310 to $320 on a daily close, and targets the $375 to $400 range. A Grayscale ETF approval would be a structural demand catalyst that the chart alone cannot price in advance.
• Bearish case: Rejection at the descending trendline sends price back below the Bull Market Support Band at $250. A drop below the 20-day EMA at $237 would erase most of the week’s gains and suggest the move was a news-driven spike rather than a trend change.