Bittensor (TAO) tests SMA50 at $276 as Van de Poppe cites $1,000–$2,000 target

On May 23, 2026, analyst Michaël van de Poppe reiterated a bullish view on Bittensor, calling it a differentiated AI infrastructure play and pointing to a $1,000–$2,000 valuation target. TAO traded at $271.6 and was trying to retake the SMA50 near $276, while the SMA100 around $254.5 marked the most recent support zone.