TAO: Weekly Close Above $220 Could End Correction

Michaël van de Poppe notes that TAO has held up better than Bitcoin on daily candles and now watches for a weekly close above the $220 area to declare the correction finished.

At $217.3 the token sits inside its Bollinger Bands with upper resistance at $225.63 and lower support at $204.83. The 50-EMA at $219.61 acts as immediate resistance while the 200-EMA at $246.27 remains the longer-term ceiling. RSI at 51.58 shows neutral momentum and the MACD has printed a golden cross, hinting at building upside pressure despite the bearish trend label.

Price testing the upper band while the 50-EMA caps the move suggests a quick rejection could send TAO back toward that EMA support before any sustained push higher.