🚨 TAO INDEX: the market may be underestimating what’s coming.
While many still see TAO as a simple AI crypto in a correction phase, the daily chart tells a different story.
After several weeks of decline, the price seems to have found a floor around $183. Since then, sellers are gradually losing control: the lows are getting shallower and buyers are returning on every pullback.
Today’s candle confirms this shift in momentum with a move back above $210, signaling that buying pressure is gradually picking up.
The 220-225 $ level remains the true barrier, however. A daily close above this zone could accelerate the move toward $250, and then potentially $290, where the next major resistance lies.
Why I remain bullish on TAO
The market continues to treat TAO as a speculative asset, even as the fundamentals strengthen.
* The Bittensor ecosystem continues to expand its subnets, increasing network use cases and its potential value.
* The reduction of TAO emissions after the halving gradually limits the available supply, creating a more favorable dynamic if demand increases.
* Institutional interest is growing, with specialized funds increasing their exposure to Bittensor, betting on its role in decentralized AI.
#tao #bittensor 🚨🚨 Not financial advice 🚨🚨