A $1,000 TAO? Here’s the Technical Setup Traders Are Watching
The post A $1,000 TAO? Here’s the Technical Setup Traders Are Watching appeared on BitcoinEthereumNews.com.
TAO rebounded to trade around the 20-day EMA. Breaking above the 20-day EMA could trigger TAO’s bullish momentum. A crypto analyst thinks TAO has the potential to reach $1,000. Top crypto analyst Michaël van de Poppe has laid out a bullish roadmap for Bittensor (TAO) that could see the token rally to $1,000. The entire trade, he argues, hinges on TAO reclaiming one critical technical level: the 20-day EMA. In his latest post on X, the analyst highlighted TAO’s recent price movement, noting his expectations and how he thinks the token will perform if the market meets certain conditions. I’m very interested to see if $TAO breaks the 20-Day EMA. If that happens, then we’re going to be seeing a strong move upwards. It’s been downtrending for more than a month. $TAO is still yet to get to $1,000. pic.twitter.com/Ld46WsCyDD — Michaël van de Poppe (@CryptoMichNL) September 8, 2025 The 20-day EMA is significant to TAO’s future Van de Poppe cited an area of interest in TAO’s price movement, its performance around the 20-day EMA. According to the analyst, breaking above the dynamic resistance could trigger a significant move for TAO, which has been in a predominantly downtrend for the past month. Despite the latest movement, the renowned analyst believes TAO has the potential to reach $1,000 soon. Related: Bittensor (TAO) and Unilabs (UNIL) Could Push Dogecoin Out of Top 10 Spot By 2026 After Trend Shift According to data from TradingView, TAO was trading at $342 at the time of writing, having bounced off significant support around the $300 region. Van de Poppe highlighted the support region in his post, alongside other notable areas on the TAOUSD daily chart on TradingView. In the post, TAO’s price aligned with the 20-day EMA, and Van de Poope believes breaking above the…
Filed under: News - @ September 9, 2025 1:26 am