TAO: Higher Timeframe Support Eyes 100% Run
TAO at $194.2 hits higher timeframe support; prior level delivered +50% gains with Bitcoin and Ethereum upside targeting 100% extension.
SourceAnalysis
TAO has landed on a higher timeframe support area at $194.2. Despite current market conditions and social media fear, this is the level to attack in the markets as the previous instance produced a +50% move.
Price trades inside the Bollinger Bands with upper resistance at $196.96 and lower support at $186.12. The EMA50 at $193.66 acts as immediate concrete support while the EMA200 at $204.5 caps the next resistance zone. With RSI(14) at 53.2 remaining neutral and MACD showing a bullish golden cross at -0.09, the structure favors continuation once Bitcoin and Ethereum break higher.
Traders targeting the TAO price prediction zone now see this confluence as the setup for a potential 100% extension if BTC leads the breakout.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast