🚨 $TAO /USDT – AI Rally or Technical Pullback? 🤖📉

🧩 Market Status (last 24 h)

• Current Price: $354.58 (–8.45%)

• Intraday Range: From $335.44 to $371.29

• Daily Volume: ≈ $205 M (Binance + Kraken + others)

🔍 Key Factor at Play

Bittensor (TAO) powers a decentralized AI network, partially funded by DCG (Grayscale), with over $100 M in investments. Nevertheless, it has faced challenges such as hacks (~$8 M) and controversies regarding its real value for the AI ecosystem.

📊 Technical Analysis + Levels to Monitor

• Overall Signal: Sell according to TradingView + Moving Averages

• Critical Supports: $340–$350 (current pivot point) 

• Immediate Resistances: $380–$390

• Patterns in Square:

• Bearish Scenario: Break below $340 could lead to $320–$300

• Bullish Scenario: Exceeding $380‑$390 with bullish confirmation targets $410–$430

🧠 Recommended Strategy

• 📉 Current Trend: Technical degradation.

• ✅ If it recovers above $380, there could be a reversal; we will monitor volume and impulse candles.

• 🛑 Risk Management: place a stop near $340 (or slightly below) to avoid sharp declines.

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