Crypto
$196 Pivot Holds in Short-Term Bounce: TAO Price Action Analysis
The current price of TAO is $196.10 as of August 5, 2026, which places it on its daily pivot at $196.00 and the 20-day EMA at $195.88.
The daily RSI is neutral at 47.71, while the MACD histogram has turned positive at 1.23, suggesting that sellers are losing steam but still control this timeframe.
However, the hourly chart shows a bullish regime with price above all three key EMAs and an hourly RSI near 60, creating a direct conflict with the cautious daily structure.