Latest Update
2026-10-22 10:00 UTC

TAO: Liquidity Sweep Below $249 Eyed Before Rebound

TAO: Liquidity Sweep Below $249 Eyed Before Rebound

CryptoMichNL identifies the recent low beneath $249 as the key liquidity target for $TAO that must clear before a rapid reversal higher develops across altcoin markets.

Source

Analysis

@CryptoMichNL notes that altcoin markets, including $TAO, are hunting the most obvious liquidity pool after the latest upward push, with the recent low beneath $249 flagged as the level that must be taken out to trigger a fast reversal higher.

Price currently sits at $255.2 on the 4h chart, pressing directly against the lower Bollinger Band support at $255.51 while the EMA50 at $271.18 and EMA200 at $273.38 continue to act as overhead resistance in the prevailing bearish structure. The MACD death cross at -2.98 confirms trend weakness, yet the neutral RSI at 35 leaves room for a liquidity sweep lower before any sustained bounce materializes toward the upper band at $280.41.


Michaël van de Poppe

@CryptoMichNL

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