Key notes
- Tao jumped 10%, recovering the 20 -day EMA resistance, driven by bullish techniques.
- A rupture of ditch suggests a possible race at $ 400 + for Tao if the momentum is maintained.
- The allegations paint the bittenser like a centralized project and manipulated by VC with tokenomic defects.
Dick
Tao
$ 259.2
24h volatility:
8.2%
COURTIC CAPESSION:
$ 2.23 B
Flight. 24 hours:
$ 135.35
The blockchain protocol powered by AI, makes the headlines for good and bad reasons.
While the Tao token jumped almost 10% in the last 24 hours, typing a summit of $ 259.68 and now merchanting about $ 254.86, it does it under a cloud of controversy.
Despite a burning withdrawal from Crypto Analyst Thinking Weird, who calls Bittensor a “scam” with deeply imperfect tokenomics and centralized control, the token has challenged gravity.
Technical image: Breakout of ditch in play
The graph below shows Tao that comes out of a falling corner model – a bullish reversal configuration. After months of lower ups and lower stockings, Tao is now growing against the higher resistance trend line.
With the volume that rises and the indicators of Momentum improves, the configuration is ripe for more upwards. Tao recently recovered the EMA from 20 days to $ 237. A retain of this level is possible and would act as a bullish confirmation if it was detained.
On the other hand, the key resistance is between $ 280 and $ 300. A break above this beach could trigger a net rally.
Meanwhile, the corner on the graph below implies a potential measured movement around $ 400 in the short term.
The relative force index (RSI) oscillates around 55 years, neither overbuilded nor occurred, which suggests room to run. The line gradient suggests increasing the purchase pressure.
In addition, a bullish crossing has recently occurred, signaling a change in positive trend. The histogram also remained optimistic for the Tao token with increasing green bars.
It is also important to note that the cryptographic analyst BitCoinsens predicts a long -term objective of $ 1,330 per token with a long -term objective, because the Altcoin has formed a W model with double background on the weekly time.
Great opportunity on $ Tao ::
Dick $ Tao Form a double -bottom massive W model on the weekly time.
The planned movement gives a medium -term objective of $ 1,330 per token.A sign of strength would be the rupture of the neckline and the retest as support. pic.twitter.com/ehs8mewh4
– bitcoinsensus (@bitcoinsensus) April 17, 2025
In particular, if Tao does not hold the level of $ 237 or loses the momentum of the rupture, the prices could tumble at $ 200 or even review the support area from 180 to 190 $.
Allegations: a deep dive into the dark side of the bittenser
The participant in the crypto market thinking bizarre accused of a bit of being a facade supported by VC rather than the utopia of the decentralized AI that it claims to be.
The analyst claims that the governance “Three Giants + Senate” of Bittensor would be a closed loop of initiates and employees of the OpenTensors Foundation. In addition, 62.5% of TAO tokens can be held by internal actors, which argues concerns about decentralization.
Meanwhile, Tao shows a market capitalization of 2.19 billion dollars, more than 70% of the tokens are marked or locked, suggesting poor liquidity and real market capitalization accessible closer to $ 600 million. Cryptocurrencies increased massively last year, claiming $ 10 billion at the top price.
In addition, the DTAO upgrade, intended to extend the subnet ecosystem, failed. He dilutes liquidity, obliges the owners of subnets to subsidize projects and benefits the validators’ nodes in a disproportionate way, affirms that bizarre thought.
Sous-sous-liens arrive on Bittensor (SSNS) 🤯
Just read the last article by @MXMSBT And it fled to me.
Subnets have always represented horizontal development through the $ Tao Ecosystem but so far, the owners of subnets have not been able to build horizontally in their own subnet.
Soon they … pic.twitter.com/4sbm2cxqm9
– Zora (@ zoraweb3) April 18, 2025
The structure of DTAO will allow the first initiates to pour tokens into the new participants, using a media subnet shuffle as a vehicle.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but must not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
