TAO: Holds Value vs Bitcoin for Nearly Two Years
Michaël van de Poppe notes that TAO has preserved its value against Bitcoin over the past two years, calling it a strong signal and a major holding in his altcoin portfolio ahead of a potential range breakout.
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Michaël van de Poppe states that TAO has not lost ground against Bitcoin across nearly two years, labeling the performance a powerful signal that has gone largely unnoticed.
At $272.4 the token trades inside its Bollinger Bands with upper resistance at $278.38 and lower support at $258.88; the structure remains bearish as price sits beneath both the EMA50 at $273.53 and EMA200 at $273.84, yet the MACD golden cross at -0.14 combined with neutral RSI at 51.59 points to building momentum that could carry price toward the upper band once the range resolves.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast