In a recent update, van de Poppe highlighted the $350–$370 region as the optimal range to buy dips, citing a healthy bounce from that level.

The analyst’s chart outlines a potential scenario where TAO reclaims momentum above $470. A clear breakout from this resistance could trigger a strong impulse move, with the next target projected between $700 and $800.

The accompanying chart by van de Poppe shows a clean structure of higher lows and outlines the current range of consolidation as a foundation for further upside. He labels the green support area as the “ideal zone for buying the dips,” reinforcing bullish conviction if the level continues to hold.

According to CoinMarketCap data, at the time of writing TAO is priced around $398, up 0.41% over the past year. The project boasts a market cap of $3.49 billion and has seen an 80% jump in 24-hour trading volume, which now sits at $232 million.

The token’s circulating supply matches its total supply at 8.75 million, with a capped maximum of 21 million TAO.

Bittensor’s fundamentals remain intact, and the technical structure suggests a potential move to new highs if the $470 zone is reclaimed decisively. With strong volume and solid on-chain metrics, TAO could be setting up for its next leg up — provided the broader market remains supportive.

The post TAO Poised for Next Rally as Key Accumulation Zone Holds appeared first on Coindoo.

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Filed under: Bitcoin - @ May 31, 2025 12:00 pm