TAO – a rare name maintaining upward momentum amid market volatility
While Bitcoin and Ethereum are showing signs of correction, Bittensor (TAO) has become a rare bright spot.
The famous analyst Michaël van de Poppe stated:
“TAO is facing the final resistance level. If it remains below $400, this is a rare opportunity to buy.”
He predicts that the price of TAO could reach $700–$800 in the near future. At the time of writing, TAO is trading at $397, down 6.4% in 24 hours but still maintaining a stable upward trend.
Ethereum is building momentum ahead of a major breakout
Van de Poppe values Ethereum (ETH), even though it just failed to surpass the $2,700 mark. However, he emphasized:
“The level to watch is $2,850 – where liquidity is concentrated. The longer it accumulates, the stronger the breakout will be.”
Additionally, ETH is showing strength against BTC, as the ETH/BTC ratio has maintained the support level of 0.023 BTC for the past two months.
Currently, ETH/BTC is at 0.2461 BTC (equivalent to $2,597).
Bitcoin needs to surpass important thresholds to establish a new peak
According to the analyst, Bitcoin (BTC) is in a decisive phase. Although it lost the recent support level, the drop is not too severe.
Van de Poppe commented:
“If BTC can break through the $106,500–$107,000 range, it will be a signal for a strong rally beyond the historical high of $111,800.”