đ§ Bittensor (TAO) â Token Analysis & Chart Insight
disclaimer (Buy in Dip)
â€ïžCurrent Price: ~ $300â$310 USD per TAO (e.g. $309.21 on Binance)
đMarket Metrics: Circulating supply ~9.9 million TAO, max supply 21 million
đ”ïžRecent Price Action: TAO has pulled back đ”ïžslightly (â2-4%) over 24h, showing short-term correction from recent highs.
đ”ïžOn the chart (from TradingView summary) , we observe:
đčHigher lows forming in shorter timeframes, indicating some accumulation beneath.
âŸïžBut also signs of overbought momentum in RSI / Stochastic, meaning some exhaustion in the rally, so caution is needed before a strong breakout.
đȘA key resistance zone lies above ~$350â$380; price must break and sustain above that to resume strong uptrend.
đŻSupport zones appear around the $270â$290 range (or psychological levels) if pullbacks deepen.
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đ Category & Use Case
TAO is an AI / DePIN / infrastructure token âïž. Bittensor is a decentralized machine learning network, where contributors (miners, validators) earn TAO for contributing models or compute. It functions as both governance, staking & payment token in its ecosystem. It fits into AI + Layer-1 / infrastructure sectors.