$259.70 is the ceiling $TAO keeps hitting — and yesterday it held all day.
Grayscale filed on October 23 to convert its Bittensor Trust into an ETF listed on NYSE Arca under GTAO. I am not calling this an ETF rally: the filing sets no launch date and still needs regulatory and exchange approval, so the headline is a route, not a done deal.
What the tape actually shows is a coil. Lows lifted from $245.70 on October 27 to $250.60 yesterday, while the morning push printed $259.70 and then $259.10 twice before the last finished candle closed back at $253.00. Buyers are defending higher ground; sellers are defending one ceiling.
So the map is simple: a 4-hour close under $250.60 breaks the coil, and a close above $259.70 reopens the climb. Which side breaks first — the floor or the ceiling?
Not financial advice. Do your own research.
$TAO #Bittensor #ETF #CryptoMarkets #AI
Grayscale filed on October 23 to convert its Bittensor Trust into an ETF listed on NYSE Arca under GTAO. I am not calling this an ETF rally: the filing sets no launch date and still needs regulatory and exchange approval, so the headline is a route, not a done deal.
What the tape actually shows is a coil. Lows lifted from $245.70 on October 27 to $250.60 yesterday, while the morning push printed $259.70 and then $259.10 twice before the last finished candle closed back at $253.00. Buyers are defending higher ground; sellers are defending one ceiling.
So the map is simple: a 4-hour close under $250.60 breaks the coil, and a close above $259.70 reopens the climb. Which side breaks first — the floor or the ceiling?
Not financial advice. Do your own research.
$TAO #Bittensor #ETF #CryptoMarkets #AI
