Bittensor (TAO) stock price surged 9.55%, approaching $242, with trading volume soaring 42% to $89.87 million, mainly driven by the overall market recovery and Grayscale's application to convert its Bittensor Trust into a spot ETF. Derivatives data shows that traders are confident in long positions, with leveraged long positions at $4.65 million and short positions at $1.73 million. Technical analysis indicates that the stock is likely to break out of the consolidation range; if it can hold above $235, it could rise by 18% to $285. Analysts on the X platform predict a potential increase of 40% to 60%.

TAO8.59%
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