The token for the decentralized machine-learning network Bittensor, TAO, has experienced a significant upward movement, surging by 13%. Currently trading around $393, its price is near historical highs. Market analyst Michaël van de Poppe believes this increase may mark the end of the downtrend seen in the asset. He highlights that TAO has broken through its long-term downtrend and crossed the 20-week moving average – a technical indicator often associated with renewed bullish momentum. His comments are echoed by traders who observe rising trading volumes and an RSI nearing 70, signifying increased buying pressure but not yet overbought territory. On the daily chart, TAO has reclaimed a crucial resistance zone around $380–$400, a level that previously thwarted multiple rallies in mid-2025. A decisive close above this area could open up a path towards the $500 mark, a key psychological barrier and potential reversal confirmation point. The Bittensor ecosystem continues to expand its community and on-chain activity. Despite broader market uncertainty, the project’s fundamentals remain strong, in line with this recent technical rebound. If the bullish trend holds, TAO could see a shift from long-term accumulation to medium-term breakout, potentially positioning it as one of the stronger-performing altcoins heading into Q4.