3.2K @KubrickShining $TAO update: A few targets. Next local high is $224. and $245. Next macro high as in days to weeks are $342 and $485. If this rolls over and you are looking for an entry there is one down at $145 likely later in the year if June is done dumping or later this month if its not. Based on the weekly it looks like it can still go down there.
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1.7K @_KaWisLeo The next Bittensor bull market has begun.
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45.0K @2xnmore 45.0K @2xnmore $TAO daily RSI just broke below 30 for only the third time in two years.
The previous two times this happened:
August 2024. Price was $150. Next leg: $700.
February 2025. Price was $160. Next leg: $500.
Both recoveries started from exactly where we are right now.
Current readings:
RSI fast line: 30.33
RSI slow line: 37.51
MACD: negative 6.8 vs signal at negative 20.1
The MACD separation is the widest in 12 months.
Historically on $TAO, this level of separation at oversold RSI has preceded 40% to 80% recoveries within 60 to 90 days.
The daily structure is still bearish. That is the honest read.
$280 needs to be reclaimed before the macro trend shifts.
A close below $185 reopens $160 and the February 2024 demand zone.
But here is what the chart is actually saying:
73% drawdown from the $760 peak.
RSI at levels seen only twice before, both preceding major recoveries.
MACD at maximum negative separation.
Price up 4.75% today after wicking to $192.
The indicators are not saying buy.
They are sa
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