From a technical perspective, TAO price is eyeing to surpass the $280 followed by $300 hurdle. If TAO price can manage to chase the hurdles, it may reach the broader range’s high of $490 in the upcoming months.
Additionally, Michael Van De Poppe in his recent post highlighted post-halving, TAO has gained traction and looks interesting now.
It has moved above the 21-day MA and may run back to $500 in the next few months.
From the key indicators standpoint, indicators like the Average Directional Index (ADX) strengthens bullish momentum. Furthermore, the Relative Strength Index (RSI) has climbed above the neutral 50 mark and is trending upward, reinforcing the bullish momentum.
Furthermore, the MACD has confirmed a bullish crossover on the daily timeframe. The On- Balance Volume (OBV) has started to slope higher as well, pointing to steady accumulation behind the move.
Key Levels to Watch Out
If TAO price manages to trade with the bullish momentum, the next upside target of $280 followed by $300 could be seen ahead.
However, if bulls fail to hold the 20 day EMA support zone, TAO price may retest the support zone of $230 and $207 in the coming sessions.
