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TAO Pulls Back After AI Rally With Golden-Cross Pattern Warning of 40% Downside

The AI token behind Bittensor’s model marketplace now shows technical signals that point to elevated correction risk.

Overview

  • TAO trades near $328 with a market value around $3.6 billion after a March run that pushed the price above $370.
  • A golden cross formed as the 20-day moving average crossed above the 200-day average, and the RSI stayed above 70 for weeks, which signals an overbought setup.
  • In three prior golden-cross episodes, TAO fell about 32% to 46% within five to six weeks, which averaged a 40% drop.
  • Based on that track record, analysts say a slide toward roughly $200 by early May is possible if the same pattern repeats.
  • Social discussion hit a six-month high, yet Santiment’s 1.5-to-1 positive-to-negative ratio shows strong attention without broad euphoria.