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Bittensor (TAO) cools off near $260 amid AI sector gains and Bitcoin's $65k rebound

Technical Signals
16 Jun 2026
AMBCrypto
View Source
Neutral
pluang ai news

Bittensor (TAO) has pulled back about 2.5% this week after a strong 27% rally last week, consolidating around $260. This cooldown phase reflects profit-taking and defense of key support levels rather than a full reversal. Despite TAO's slight weakness, the broader AI crypto sector is gaining momentum with a 7% market cap rise and increased trading volume, supported by renewed interest in decentralized AI. If TAO holds its support, it could resume its upward trend toward $300 amid improving liquidity and risk-on sentiment.

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