Bittensor Price May Rally Toward $240 as Yuma Launches Institutional Fund

The Bittensor (TAO) price remains under bearish pressure despite holding above key support after a falling wedge breakout. According to momentum indicators, RSI and MACD continue signaling weak short-term momentum.

However, the launch of Yuma's institutional fund for the Bittensor ecosystem may indicate increasing long-term interest in TAO and its AI-focused subnets.

A breakout above $212 resistance could strengthen bullish momentum, potentially pushing the price toward the projected $238-$240 objective, according to Crypto With Gopal.