TAO: Time to Buy the Fear?
Bittensor is currently weathering a storm after the departure of the Covenant AI team, leading to a sharp 20% correction. While the FUD is high, $TAO is hitting deep oversold levels on the RSI, signaling a potential local bottom near $250.
The Strategy:
Accumulation: Ladder buy orders between $245 and $260. This zone has historically acted as strong institutional support.
Targets: Look for a relief rally toward $305, with a secondary target at $340 once the narrative stabilizes.
Risk: Place a tight stop-loss below $235.
Fortune favors the patient—don't let short-term noise distract from the 21M supply scarcity.