TAO Price at $261: Shakeout Before the Rally or the Start of a Deeper Decline?

TLDR: TAO is trading at $261, below the critical 200-day moving average resistance level near $281. A lower high at $390 after November’s $475 peak signals a potential bearish distribution phase.  The $143 Fibonacci support held earlier in 2025, producing a near tripling of TAO’s price value.  Real subnet usage and institutional interest in Bittensor [...]

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