$TAO Descending Channel Crunch โ AI Token Bittensor Testing Ironclad Support at $280 ๐๐ค
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 โ volume contracting to lows, RSI flashing bullish divergence as support absorbs the dip.
Live price $280.09 with 24h range $273.87โ$289.69, holding firm amid BTC volatility.
Bearish channel but bullish signals stacking:
โ Lower trend line respected 4+ touches (Fib 0.618)
โ Weekly hammer reversal + volume on bounce
โ RSI at 36.62 neutral with upward divergence
โ MACD histogram narrowing for bullish cross
Targets on breakout:
โ $450โ$500 short-term (channel retest + Nov highs)
โ $800โ$1,000 mid-2026 (Fib 1.618 extension)
โ $1,200โ$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.
