TAO: Van de Poppe Eyes Liquidity Grab Below $249

Michaël van de Poppe flags $TAO nearing a critical liquidity pocket just under $249. The trader notes that a wick through the tight blue box remains possible, yet he expects the level to trigger a rapid upside reversal once every long is flushed.

Price currently sits at $249.6 after the recent push higher, with markets across altcoins hunting obvious liquidity pools. Van de Poppe views the recent low beneath $249 as the magnet that must be taken out before any sustained bounce materializes.

On the 4h chart, $TAO trades inside the Bollinger Bands with the lower band at $244.52 acting as immediate volatility support while the upper band at $277.37 caps any bounce. The bearish EMA structure places $265.74 and $272.0 as stacked resistance overhead, and the MACD death cross at -4.89 keeps downside pressure intact even as RSI at 31.64 shows neutral momentum rather than oversold conditions. Confluence points to a liquidity sweep toward the lower band before any relief rally can test the 50-EMA resistance.