What matters to me about $TAO isn’t 190.19, but the gap between what the network is earning and what the price reflects. Subnet revenues have reached an annualized rate of $34.6 million from real customers, with projections to exceed $70 million. Tencent has also chosen the Chutes subnet to launch its model, potentially opening access to 1.5 billion users.
None of this has been reflected in the price yet. TAO is at 190.19, below the EMA50 at 211.64 and the EMA200 at 241.48. MACD is negative, and RSI at 40.04 isn’t signaling a reversal—it reflects a wait-and-see state.
The 183.13–189.00 support zone is what buyers are defending, and a break below it would open the door to a deeper decline. Resistance is at 192.75, then 204.83. I don’t see a shift before 204.83.
I expect support to hold for now, because the fundamentals give buyers a reason to stay, but holding support alone isn’t enough. A close above 204.83 is what would make the market reassess the gap in favor of revenue.
This is analysis, not advice.
If you found this post useful, we’d appreciate your support with a like 👍
#TAO #Bittensor #BinanceSquare
None of this has been reflected in the price yet. TAO is at 190.19, below the EMA50 at 211.64 and the EMA200 at 241.48. MACD is negative, and RSI at 40.04 isn’t signaling a reversal—it reflects a wait-and-see state.
The 183.13–189.00 support zone is what buyers are defending, and a break below it would open the door to a deeper decline. Resistance is at 192.75, then 204.83. I don’t see a shift before 204.83.
I expect support to hold for now, because the fundamentals give buyers a reason to stay, but holding support alone isn’t enough. A close above 204.83 is what would make the market reassess the gap in favor of revenue.
This is analysis, not advice.
If you found this post useful, we’d appreciate your support with a like 👍
#TAO #Bittensor #BinanceSquare
