Behold, the year 2026 dawns, and Bittensor (TAO) emerges from its slumber, like a proletariat rising against the iron grip of the market. After a long, bitter downtrend, TAO ascends, breaching the 20-day EMA-a symbol of hope, or perhaps a fleeting mirage. 🧟♂️💰
At this hour, TAO hovers at $277, its market cap swelling to $2.92 billion. A 12% climb this week-how quaint! The trading volume, like a drunken reveler, surges wildly, fueling the bullish fire. 🕺🔥
Not a sudden spike, but a steady, grinding ascent. TAO finds solace above the $250 support zone, a fragile sanctuary in a world of chaos. 🧱📉
What Does TAO’s Chart Whisper?
The token’s rise is a tale of two forces: the market’s recovery, and the institutional giants, who, like wolves in sheep’s clothing, seek to tame TAO. 🐺🧬
Grayscale’s plan to convert its Bittensor Trust into an ETF-oh, the irony! A step toward legitimacy, or a trap for the naive? 🎭
TAO escapes its monthly prison, breaking free from the 20-day EMA, and dares to flirt with the $250 zone. A brave act, indeed. 🐍🚀
Technically, TAO eyes $280, then $300-ambitious goals for a token that once danced with the abyss. If it succeeds, the $490 peak may be within reach, or it may crumble like a house of cards. 🏗️💥
Michael Van De Poppe, that scribe of crypto’s woes, notes TAO’s post-halving revival. A flicker of hope, or a desperate gamble? 🤷♂️
TAO now soars above the 21-day MA, a phoenix rising-but will it reach $500, or fall back into the void? 🕳️
One of the most intriguing assets: $TAO.
Its halving, a cruel rite of passage, left it battered.
Now, it claws back above the 21-Day MA, defying the odds.
As long as the level…
– Michaël van de Poppe (@CryptoMichNL) January 8, 2026
The ADX grows strong, the RSI climbs, and the MACD whispers of a bullish crossover. The OBV, like a loyal dog, follows the pack. 🐾📈
Yet, the key levels loom: $280 and $300. A test of resolve. Fail, and TAO may retreat to $230-or worse, $207. A descent into the depths. 🌑
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2026-01-10 12:07