Preço de Friction FinanceTAO

What The Hell 🤯I just woke up and came to know that Bittensor $TAO drops 17% after the largest decentralized LLM, announces that they are leaving the network. Is it fair ??? Where are $TAO holders ???

$TAO USDT Short Setup 🔴 Entry: 260 – 265 TP1: 240 | TP2: 220 | TP3: 200 SL: 290 Price broke below all MAs with rising sell volume. Bearish structure in play, bounces into 280–290 resistance are short setups. 📉

Covenant AI Withdraws from Bittensor Network Amid Allegations On April 10, Covenant AI announced its withdrawal from the Bittensor network, accusing key figure Jacob Steeves, known online as Const, of betraying the network's decentralization promises. According to BlockBeats, Covenant AI founder Sam Dare revealed that Const had taken several actions against the team, including halting token emissions for their subnet, revoking management rights to their community channels, discontinuing subnet infrastructure, and exerting economic pressure through large-scale token sales during conflicts. Covenant AI criticized Bittensor's governance model, describing it as a "decentralization theater" where Const effectively controls the multi-signature process, bypassing consensus and using other participants as legal shields. The statement strongly condemned Bittensor's core promise of being uncontrollable by any single entity as a falsehood. The withdrawal is not a result of failure, as Covenant AI previously completed the largest decentralized LLM pre-training project, Covenant-72B, involving over 70 independent contributors. This project received public recognition from NVIDIA's CEO and was cited by Anthropic's co-founder, contributing to a 90% increase in related ecosystem tokens. Covenant AI plans to take its team, research, and models with them and has hinted at upcoming announcements for new projects.

TAO/USDT Market Update: Momentum Building or Trap Ahead? 📊 Current Market Analysis $TAO is currently trading around $260–$270 zone, showing mixed momentum after recent volatility. � CoinMarketCap +1 Price recently saw strong upside due to AI hype but now facing resistance near $300+ zone � Market structure = Sideways + slight bullish bias Key range: $230 support — $300 resistance 👉 Short-term: Consolidation 👉 Mid-term: Potential breakout if $300 flips 📰 Latest News / Sentiment Phemex However, broader market weakness + altcoin rotation causing pressure � CoinMarketCap Market sentiment currently: Neutral → Slightly Bearish short-term 🎯 Trade Setup (High Probability Plan) 🟢 Long Setup: Entry: $235 – $255 Targets: TP1: $285 TP2: $300 TP3: $330 Stop Loss: $215 🔴 Short Setup (if breakdown): Entry: Below $230 Targets: $200 → $180 SL: $245 #TAO #TAOUSDT #CryptoTrading #Bitget #SmartMoney #TradingSetup #BullishWait

$TAO Tao is be comming next TRB is it correct ?