Bittensor TAO: Weekly Support Holds Bullish Structure
Crypto analyst @CryptoMichNL notes Bittensor TAO maintaining clear bullish structure as the weekly block continues to attract aggressive buying on dips near $288.
SourceAnalysis
@CryptoMichNL sees strengthening bullish structure in TAO as the weekly support block absorbs repeated dips with immediate buying response.
Price currently sits at $288.1 inside a bullish trend defined by EMA50 at $281.61 and EMA200 at $276.0. MACD registers a golden cross at 0.33 while RSI at 58.66 leaves room before overbought territory. With price pressing the upper Bollinger band at $292.13, the next logical test appears at that resistance before any healthy pullback toward the 50-EMA confluence zone.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast