TAO: Van de Poppe Flags Hold Above $249 Low
Michaël van de Poppe states that TAO should hold above its recent low beneath $249 or risk dropping below $200, though current momentum makes that outcome unlikely as the token consolidates after sweeping lows.
SourceAnalysis
Michaël van de Poppe highlighted the zone beneath $249 as critical support for TAO, arguing that a break would open the path back below $200 while current altcoin momentum makes that scenario improbable.
The trader noted that TAO has already swept the recent low, held, and now consolidates in a setup that often precedes a sharp reversal once liquidity is cleared.
On the 4h chart TAO trades at $253.5 inside the Bollinger Bands with upper resistance at $255.1 and lower support at $247.09. Price sits below the EMA50 at $257.64 and the EMA200 at $269.05, confirming the broader bearish structure, yet the MACD has printed a golden cross at -1.67 while RSI(14) rests neutral at 50.25. Institutional desks watch for a test of the upper band near $255.1 followed by a measured retracement toward the EMA50 before any sustained upside continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast