$TAO Descending Channel Crunch – AI Token Bittensor Testing Ironclad Support at $280 📉🤖

Bittensor's 3W chart grinding the lower edge of a 4-year descending channel since 2021 launch, price at ~$280 after 2025 rejection from $500+ upper trend line – volume contracting to lows, RSI flashing bullish divergence as support absorbs the dip.

Live price $280.09 with 24h range $273.87–$289.69, holding firm amid BTC volatility.

Bearish channel but bullish signals stacking:

✅ Lower trend line respected 4+ touches (Fib 0.618)

✅ Weekly hammer reversal + volume on bounce

✅ RSI at 36.62 neutral with upward divergence

✅ MACD histogram narrowing for bullish cross

Targets on breakout:

→ $450–$500 short-term (channel retest + Nov highs)

→ $800–$1,000 mid-2026 (Fib 1.618 extension)

→ $1,200–$1,500+ full AI bull run (2027)

Bear case: Close under $250 risks $200 flush. TAO's decentralized ML network + subnet growth = AI crypto leader primed to explode.

#Bittensor #TAO #AICrypto

TAO

274.9

-7.81%