TAO: Analyst Eyes $300 Target on Altcoin Run
TAO at $265.6 targets $300 after strong breakout and higher low, with altcoin momentum intact per trader analysis.
SourceAnalysis
TAO continues its advance toward $300 as trader Michaël van de Poppe flags a strong breakout and higher low formation during the ongoing altcoin expansion.
Price sits at $265.6 above the EMA50 support at $243.16 and EMA200 at $223.4, confirming the bullish trend structure; despite the MACD death cross at 7.32, the asset trades inside the Bollinger bands with upper resistance at $278.19, setting up a measured extension before any retracement to the 50-EMA zone.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast