# Tao

Bittensor price outlook as top subnet operator Convent AI exits
Bittensor price crashed over 25% within hours after Covenant AI, one of the largest and most active subnets on Bittensor, recently exited the network over centralization concerns.
Bittensor ( $TAO ) price fell 25.6% from $340 to an intraday low of $253 on Friday, erasing close to $900 million from its market capitalization. Trading at $266.7, the token has dropped to levels not seen since mid March.
The sharp drop in price triggered nearly $9 million in liquidations from long positions as bulls were caught off guard after weeks

AI Narrative Shaken? The Truth Behind the $TAO Sell-off 🦅
​Market Pulse:
The AI sector is feeling the heat today. While we were looking for a breakout, a major internal rift in the Bittensor ($TAO) ecosystem has triggered a ~15% slide. Covenant AI (the team behind Covenant-72B) officially exited, citing "decentralization theatre."
​Technical Breakdown:
​TAO: Currently testing critical support at the $280–$290 zone. If we don’t hold here, the next stop could be a deeper retest of $250. Sentiment is currently at "Extreme Fear," but for us, fear often equals opportunity.
​$FET: Holding up better

#GateSquareAprilPostingChallenge
Bittensor ($TAO) just dropped 15% after top developer Covenant AI announced a full exit.
They dumped 37,000 TAO (~$9M+ in longs liquidated) and accused the Opentensor Foundation of centralized governance + emissions manipulation.
Subnets 3, 39 & 81 deprecated.
Decentralized AI narrative taking its first real hit. Watching closely.
NFA DYOR #TAO #Crypto

Bittensor $TAO drops 17% after the largest decentralized LLM, announces that they are leaving the network.
#TAO $TAO ‌

#TAO Analysis:
#TAO is having a good rally to the upside and has taken support from a key area. Now anticipating a clean move higher to a resistance area drawn around $427–$447. Getting into buys here can be a good mid-to-moderate risk setup.
$TAO ‌#GateLaunchesPreIPOS #GateSquareAprilPostingChallenge

#TAO $TAO LONG TRADE
ENTRY: 328
TARGET: 355
STOPLOSS: 318.5
#CreatorLeaderboard

$TAO already broke out and held the retest that’s usually a good sign.
Now the main level to watch is $400. If it clears that cleanly, upside can open toward the $700–$750 range.
For now, as long as it stays above the breakout zone, structure still looks strong.
#TAO #Ai #GateSquareAprilPostingChallenge

$TAO JUST BROKE OUT VS $BTC — AND THIS COULD BE BIG
After months of consolidation, TAO is breaking above resistance against Bitcoin.
This signals strength — and potential continuation to the upside.
TAO has been a first mover in the AI narrative.
If it’s leading again… is an AI sector rotation coming?
TRX > BTC.
Now TAO > BTC.
Altseason might be starting to show itself
‍#TAO #AI #Crypto