TAO: Weekly Support Sets Stage for $500 Rally

TAO sits on higher-timeframe support after a weekly green candle that previously triggered rallies of nearly 100 percent or more, according to @CryptoMichNL.

The trader went long again and expects continuation only if the weekly strength persists and the daily chart holds above the 21-day and 50-day moving averages for the first time since May 2026, opening a path toward $500 in Q4 2026 or Q1 2027.

Price action on the 4h chart shows TAO at $206.5 inside a bullish structure with EMA50 at $197.37 and EMA200 at $199.76 acting as concrete support; the MACD golden cross at 3.58 keeps momentum intact while RSI at 67.54 remains neutral, and price trading inside the Bollinger Bands between $186.03 lower support and $211.44 upper resistance points to a likely volatility test at the upper band before any healthy retracement to the 50-EMA.