$TAO 3W: AI Powerhouse Hits Multi-Year Range Bottom โ Reversal Signals Flashing ๐๐ค๐ฅ
Bittensor's 3W chart screams accumulation: after a 90%+ drawdown from 2021 highs, TAO is reclaiming the multi-year horizontal range low (~$250โ$300) at ~$298 (up 0.5% today), bouncing off the 200-week MA with a bullish weekly engulfing amid AI hype.
Bullish macro setup:
โ Range bottom reclaim + falling wedge higher low
โ Volume contracting before breakout (lowest since Q1 2025)
โ RSI monthly at 45 (bouncing from oversold 25)
โ MACD histogram flipping positive + divergence
โ Grayscale AI Fund top holding + subnet expansion
Targets on breakout above $450โ$500:
โ $650โ$750 (measured move + 2024 ATH)
โ $1,200โ$1,500 mid-2026
โ $3,000+ full AI mania
Invalidation only on monthly close under $220.
TAO about to lead decentralized AI.