$TAO at a Critical Inflection Point

300
Bittensor (TAO) continues to lead the AI narrative, with subnet growth accelerating and now exceeding 30 active subnets. On-chain staking rewards are supporting long-term accumulation, while a relatively low float relative to ecosystem expansion creates scarcity during AI-driven rotations.

Technical Outlook
TAO is sitting at a very critical area after losing the $300 level, which is now acting as resistance. The structure remains fragile, with sellers in control and most bounce attempts getting sold into.

A retest of the $200 level looks possible. If that zone holds, a short-term relief bounce toward $250–260 could follow. However, if price rejects again in that area, the risk of further downside increases before a more meaningful bottom forms. A clean break below $200 would significantly weaken the structure and opens the door to a much deeper move, potentially into the $60–50s range.

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