BTC reclaimed $108K this afternoon and continues to hold $108K as it moves into the CME open. This recovery is positive for altcoins and maintaining $108,500 as support could ensure a good start to the new week. So, what are the analysts’ predictions for TAO Coin? Ethereum 
$3,859.56 How does Martinez interpret the current situation on the front?
TAO Coin Predictions
TAO Coin, which is considered among the promising projects in the long term, has many fans. While the BTC price is already on the rise, it is important to take a look at the current evaluations of different chart commentators. BTC It is pushing 109 thousand dollars and DOGEAltcoins like , ADA extended their gains to 4%.
The first analyst whose evaluation we will examine for TAO Coin will be Sherpa. The analyst who shared the chart below shared:
“TAO It showed a very strong recovery and I have been in a long position since yesterday. I bought and sold the position several times but I will take my profit in the 460-480 range. “If it breaks this level solidly, I would be happy to buy again, but I will try to be aggressive with TP in these conditions.”
Advancing to the analyst’s target, TAO reached $447 and continues the day with a 14 percent gain. If it can rise another $13, Sherpa will sell.
The analyst nicknamed Captain Faibik pointed out the widening wedge break on the daily chart. The analyst, who shared this assessment before the rise accelerated, expects rapid gains in the medium term.
“TAO Daily time frame is breaking out of the widening wedge and retesting on the chart. It looks extremely bullish in the medium term.”
The analyst’s target is beyond Sherpa’s prediction. He predicts a strong top extending to $895. If BTC can regain $117,000, this may not be too difficult.
Ethereum Comment
The rise of BTC as CME moved towards its opening caused an interesting picture to emerge. For example, Ali Martinez today while BTC is stalling below 108 thousand dollars ETH He pointed out a further decline for Now ETH is about to exceed 4 thousand dollars. Martinez MVRV highlights the potential for losses due to a bearish signal on momentum.
“The last time MVRV Momentum showed a death cross, Ethereum $ETH fell from $3,300 to $1,400. This signal has appeared again!”
