AI-focused crypto sector rose about 10%, with the AI crypto market cap around $1.948 billion. FET’s OBV remains higher, signaling ongoing accumulation as prices consolidate. SIREN spiked to $2.12, surging 109.96% in a single session, the strongest rally within the AI segment.
TAO is trading at $355 and has clearly broken the 61.8% Fibonacci retracement at $306.2. The Fibonacci span runs from a cycle low near $142 to a prior high around $589, with the next target near the 78.6% level around $350 and the 1.0 extension near $407. Two moving averages imply a potential golden cross, with the 50-day EMA at $269 and the 200-day EMA at $233, both surpassed by TAO. The red demand zone between $285 and $310 has flipped from resistance to support, tested on March 24 and held to validate the breakout.
Grayscale’s TAO ETF filing remains a structural upside catalyst not fully priced in by the market. A reversal would be signaled if the daily close falls below $306; next downside supports sit near $275 (50% fib) and $243 (38.2% fib).
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