$TAO As of April 29, 2026, Bittensor
#TAO is trading around $248, stabilizing after a volatile first quarter that saw it recover from lows near $230.
Nvidia recently invested $420M into the ecosystem, while Polychain Capital added $200M.
The network generated $43M in revenue from real AI usage last quarter and is scaling toward 256 active subnets.
Following the late 2025 halving, daily issuance has dropped from 7,200 to 3,600 TAO, significantly tightening long-term supply.
Key Support: The $235 support zone is critical; holding this level suggests a retest of higher resistance.
Resistance Levels: Traders are eyeing $260 as the immediate barrier, with major psychological resistance at $300.
RSI sits at a neutral 45, indicating consolidation without being overbought.
Short-Term: If support holds, analysts from CoinMarketCap expect a test of the $260–$279 range.
Long-Term: Bullish scenarios for 2026 range from $450 to $850, contingent on continued institutional flows and subnet expansion.
#TAOTrading #TAO/USDT #Market_Update #MarketDoomsAreComings