$TAO remains one of the strongest AI cryptocurrencies in the market and continues to attract the attention of investors looking for exposure to the AI sector.
From a technical standpoint, the zone between USD 220 and USD 240 is currently one of the most important support levels. As long as the price stays above these levels, the medium-term bullish structure remains intact.
On the upside, the first significant resistance is found between USD 260 and USD 300. A breakout and consolidation above USD 300 could pave the way for targets in the USD 350 to USD 400 range.
In case of a deeper correction, critical support appears between USD 180 and USD 190. Losing that area could lead to further declines and deteriorate the technical structure.
Beyond price analysis, investors are keeping a close eye on the growth of the Bittensor ecosystem, the development of new subnets, potential financial products linked to TAO, and the overall performance of the AI sector.
In a context where the AI narrative continues to gain relevance, TAO remains one of the projects that many are watching closely for the next big market move.
My base scenario for this week:
* Higher probability: consolidation between USD 250 and USD 270 while the market absorbs recent gains.
* Bullish scenario: breakout of USD 270 and a push towards USD 300.
* Bearish scenario: loss of USD 250 and a search for USD 240.
From a technical standpoint, the zone between USD 220 and USD 240 is currently one of the most important support levels. As long as the price stays above these levels, the medium-term bullish structure remains intact.
On the upside, the first significant resistance is found between USD 260 and USD 300. A breakout and consolidation above USD 300 could pave the way for targets in the USD 350 to USD 400 range.
In case of a deeper correction, critical support appears between USD 180 and USD 190. Losing that area could lead to further declines and deteriorate the technical structure.
Beyond price analysis, investors are keeping a close eye on the growth of the Bittensor ecosystem, the development of new subnets, potential financial products linked to TAO, and the overall performance of the AI sector.
In a context where the AI narrative continues to gain relevance, TAO remains one of the projects that many are watching closely for the next big market move.
My base scenario for this week:
* Higher probability: consolidation between USD 250 and USD 270 while the market absorbs recent gains.
* Bullish scenario: breakout of USD 270 and a push towards USD 300.
* Bearish scenario: loss of USD 250 and a search for USD 240.
