$TAO TRADING NEAR $200 – WILL INSTITUTIONAL DEMAND SAVE IT? 🔥
67% of circulating supply is already locked in staking after the halving cut emissions to 3,600 TAO per day. That’s a massive supply squeeze on a token that’s now 73% off its highs.
The daily chart is bearish with lower lows, but RSI near 34.5 shows bullish divergence forming. First real support sits at $196 — if that holds, we could see a bounce toward $220. If it breaks, $180 and $150 come next.
With institutional custody and ETFs filing, are you buying the dip or waiting for a cleaner breakdown?
Not financial advice. Always manage your risk.
#TAO #Bittensor #InstitutionalAdoption #CryptoAnalysis
🔥
67% of circulating supply is already locked in staking after the halving cut emissions to 3,600 TAO per day. That’s a massive supply squeeze on a token that’s now 73% off its highs.
The daily chart is bearish with lower lows, but RSI near 34.5 shows bullish divergence forming. First real support sits at $196 — if that holds, we could see a bounce toward $220. If it breaks, $180 and $150 come next.
With institutional custody and ETFs filing, are you buying the dip or waiting for a cleaner breakdown?
Not financial advice. Always manage your risk.
#TAO #Bittensor #InstitutionalAdoption #CryptoAnalysis
🔥