#TAOUSDT | DAILY TIMEFRAME UPDATE
Fundamental Analysis of #TAO 👇👇
#Bittensor is a decentralized network that enhances machine learning by allowing nodes to contribute their expertise through a consensus mechanism called Proof of Intelligence, which rewards accurate outputs. Utilizing a decentralized mixture of experts model, it fosters collaboration among neural networks to tackle complex problems and democratize access to #AI technologies. The native token, TAO, facilitates transactions within the network and has a capped supply of 21 million, similar to #Bitcoin
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Technical Analysis of TAO 👇👇
One of the altcoins I'm currently watching is TAO.
This analysis is based on the weekly and daily charts, with a long-term to mid-term outlook. If the price of TAO reaches the $451 - $367 zone, it may present a potential buying opportunity.
As mentioned earlier, this analysis focuses on higher time frames, so it could take time for the price to reach this area—patience is key.
Once TAO enters the $451 - $367 range, we'll look for confirmation on the 4-hour chart before considering any entries.
Once the price enters the grey area and provides confirmation, I'll share the targets. ✅
If the price drops below $217, the setup will be invalidated.
