TAO: Breakout to $360-380 Targeted Next Week
TAO at $262 eyes $360-380 breakout after long BTC accumulation, with 4h chart showing EMA50 support at $243.29 amid neutral RSI.
SourceAnalysis
TAO has barely moved in its extended accumulation range versus BTC, positioning the token for a swift breakout according to trader @CryptoMichNL.
Price sits at $262.0 inside the Bollinger Bands on the 4h chart, with the structure holding above EMA50 support at $243.29 and EMA200 at $230.78 despite the MACD death cross. Neutral RSI at 63.04 leaves room for a push toward upper band resistance at $274.69 before the projected advance, fueling fresh TAO price prediction calls tied to AI industry impact on the Bittensor network.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast