TAO: Correction Eyes Acceleration Above $310
Michaël van de Poppe states that $TAO price action shows a natural correction still in an interesting zone for potential longs, with acceleration expected once price clears $310 toward $500-600.
SourceAnalysis
Michaël van de Poppe flags that $TAO acceleration has yet to materialize, describing current price action as a natural correction that leaves the token in a compelling zone for longs.
Price sits at $282.6 inside the Bollinger Bands with the upper band at $295.79 acting as near-term resistance and the lower band at $262.85 marking short-term support. The 50-EMA at $289.21 caps upside while the 200-EMA at $277.56 provides deeper structural support. RSI at 48.63 remains neutral and MACD has printed a bullish golden cross at -4.23, suggesting momentum may shift higher once price reclaims the 50-EMA and clears $310.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast