Bittensor’s price has seen a significant surge in recent days, exceeding the $400 mark and rising over 17% in the last week. This upward trend is attributed to a combination of institutional buying and staking activity along with renewed interest in AI-related cryptocurrencies. TAO Synergies, one key player, increased its TAO holdings by buying and staking more coins, representing a substantial ownership stake. This action, coupled with Oblong’s commitment to purchasing $8 million worth of TAO, signals a strong belief in the long-term potential of this cryptocurrency. Furthermore, the broader AI token space saw a boost following Ethereum’s rally to its record high of $4,663, further impacting Bittensor price performance. While the overall Altcoin Season Index remains relatively subdued, TAO’s gains stand out, suggesting strong demand for this coin. Analysts have highlighted key price levels to watch, with resistance around $485-$500 and potential targets of $615 and $700 if that level is breached. Meanwhile, support lies at around $365-$370, where a stronger buying interest exists at prices between $320-$325. The bullish sentiment surrounding Bittensor intensifies as long as it stays above $365 and forms progressively lower lows. Experts suggest a push towards $500 could occur sooner rather than later if institutional investors continue adding to their holdings and the AI narrative gains further momentum. This price trajectory, combined with market dynamics, points toward a potential surge to $1,000 for Bittensor in the near future. However, it is crucial to remember that Bitcoin’s price trends and broader altcoin market conditions will also impact this scenario.