The cryptocurrency market is buzzing with excitement over Bittensor (TAO), whose price has soared significantly. TAO surged nearly 11% in the last 24 hours, signaling a strong bullish sentiment. Traders are anticipating a potential jump to the $500 mark based on this momentum. According to CoinMarketCap, TAO is currently trading at around $459, showcasing a clear upward trend. 24-hour price surges have been attributed to expanding DeFi applications and increasing institutional investments. A technical setup has emerged over recent months, contributing to this bullish move. After consolidating near the $280 support level, TAO broke through several resistance zones, leading to a significant price jump.