TAO: Breaks Resistance Zone | Flash News Detail | Blockchain.News
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5/6/2026 6:45:00 PM

TAO: Breaks Resistance Zone

TAO: Breaks Resistance Zone

TAO surges past resistance at $314.7, eyeing $350 target amid bullish momentum and overbought RSI signals in crypto market trends.

Source

Analysis

TAO just shattered its key resistance zone, piling on momentum as it grinds higher toward the gap, according to trader Michaël van de Poppe. He flags this as prime sentiment versus opportunity play—post-subnet event damage tanked vibes but handed savvy risk-takers a mispriced gem, now delivering 20-25% gains. With room to push to $350, expect a stall there, blending TAO price prediction vibes with broader crypto bull run energy, especially as Bitcoin hovers in tandem.

Zooming into the 4h chart, TAO's bullish structure shines with price at $314.7 testing the upper Bollinger resistance near $313.29, while the EMA50 at $279.39 and EMA200 at $275.07 anchor solid long-term support. MACD screams bullish at 8.92 post-golden cross, but RSI overbought at 70.86 hints at exhaustion—look for confluence here as volatility bands squeeze, setting up a tactical pullback to that EMA50 before resuming the grind in this AI crypto sector surge.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast