Bittensor TAO: Van de Poppe Flags Low Sweep as Correction End

Michaël van de Poppe labeled $TAO an interesting asset after the token swept multiple recent lows and snapped back higher immediately.

The trader noted that while a strong downtrend remains intact, trend flips occur rapidly once reversal momentum builds, making entries difficult later and favoring accumulation at current levels.

At $223.7, TAO trades inside its Bollinger Bands with the upper band at $238.82 acting as near-term resistance and the lower band at $213.22 as support; the EMA50 at $230.45 and EMA200 at $256.33 continue to define the bearish structure, yet the MACD golden cross at -1.75 supplies bullish momentum while RSI at 46.18 stays neutral, creating a setup where a push toward the upper band could test resistance before any deeper probe of the 50-EMA support.