$TAO 🤖 TAO's $334 Push: Targeting the EMA Cluster

Bittensor (TAO), currently trading near $290, is targeting the $334 resistance level, which represents a significant 15% rally. This $334 price point is exceptionally critical as it aligns almost perfectly with the 50-day Exponential Moving Average (EMA) (cited around $336) and is a major technical ceiling that must be decisively breached to confirm a structural break from the current "post-spike digestion" phase.

The fundamental drive for this move is the highly anticipated TAO Halving event, expected to reduce the daily supply of new tokens by 50% around December 14th. This Bitcoin-like scarcity mechanism, coupled with growing institutional interest in the Decentralized AI sector, is expected to serve as a strong catalyst for increased demand.

Technically, TAO is currently defending the $280–$290 support zone. For TAO to hit $334, it must first overcome the immediate resistance cluster near $307 (the 20-day EMA). A sustained, high-volume daily close above $335 is the technical confirmation needed to successfully test and flip the major $350–$370 resistance band, which holds the key to a mid-term bullish continuation.