$TAO just hit a $300 resistance test after a 66% monthly surge.

Here's why this isn't the top — it's the launchpad.

🔥 3 CATALYSTS IN 2 WEEKS:

1️⃣ COVENANT-72B LAUNCH (Mar 21):
Bittensor trained a 72-billion parameter AI model — ENTIRELY on-chain.
70+ global contributors. Commodity hardware. Jensen Huang of NVIDIA
endorsed it publicly.
This is the first large-scale proof that decentralised AI works at the
frontier level.

2️⃣ GRAYSCALE SPOT TAO ETF (Mar 14):
Grayscale filed an S-1 with the SEC to list a spot $TAO ETF on NYSE Arca
(ticker: GTAO). Institutions now have a compliant on-ramp. This is the
same playbook that launched BTC from $25K → $73K.

3️⃣ SUBNET EXPANSION TO 256 (2026):
128 active AI subnets → doubling to 256 this year. More subnets = more
utility = more TAO demand from validators and miners.

📊 THE SETUP:
$300 is the Fibonacci 23.6% level and a key pivot.
Volume surged 58.3% on the breakout candle — institutional participation
confirmed.
A daily CLOSE above $300 opens the road to $350 (next resistance) then
$385 (127.2% Fib extension).

The AI narrative is the dominant macro theme of 2026.
$TAO is the only token with PROVEN decentralised AI infrastructure.
Not a narrative play — an infrastructure play.

⚠️ RSI at 78.9 — extended short-term. Wait for the daily close
confirmation above $300 before entering. Don't chase. DYOR.