TAO reclaims key support following 13% rally, more gains ahead?

Tao joined up to 13% on April 18, recovering a level of key support and pushing its market capitalization over $ 2.2 billion following reports that Nvidia plans to maintain its presence in China despite new American export restrictions.

AskTao) Hit an intra -day summit of $ 259.2 during the hours of Asian negotiation, according to Crypto.News, while the daily negotiation volume jumped over 42% to more than $ 113 million, reporting a renewal of the interests of the merchants.

The gains followed news The CEO of Nvidia, Jensen Huang, visited Beijing this week and met Chinese trade officials. During the visit, Huang reaffirmed the company’s commitment to the region, claiming that Nvidia “would spare no effort” to build compliant products and “serve the nonsense Chinese market”.

It comes after the United States NVIDIA’s blocked H20 chip H20 In China, a model designed specifically to comply with the previous export limits. The reversal of the policy could cost Nvidia a planned turnover of $ 5.5 billion and has already resulted in a 7% drop in the share of its shares on Wednesday.

After the confirmation by NVIDIA of its continuous commitment to China, the wider AI market also reacted positively, increasing by almost 4% during the last day. Besides Tao, other superior coins such as near the protocol (CLOSE) recorded a gain of 3.1%, while the internet computer (ICP), Give back (GIVE BACK), Fet and arweave (Ardent) Has gains gains between 4% and 9%.

These projects often React to developments related to NvidiaGiven the key role of the flea manufacturer in feeding the AI ​​infrastructure on which many of them rely.

Analysts claim that Nvidia’s ability to adapt will be the key to reverse the impact of current commercial restrictions.

Komodo CTO, Kadan Stadelmann, told Crypto.News that Nvidia had to work to diversify her supply chains in several jurisdictions and maintain solid relations with world leaders, in particular with major industrial powers such as China, which houses 1.4 billion people and a significant part of Nvidia customers.

“Companies worldwide cannot predict what happens tomorrow with regard to prices. For this reason, they are now rushing to rework once reliable supply chains. Although many companies, such as Nvidia, will seek to manufacture in the United States, they will also seek to manufacture in the jurisdiction that it is best, “he added to create specific products, as well as wherever prices do not eat too much profit,” he added.

Tao price analysis

Nvidia’s recent decision was clearly considered a bullish signal by traders, with an open interest of TAO on more than 20% in the last 24 hours. According to health data, his weighted social feeling has also become positive during the same period.

On the TAO / USDT graph to 1 day, the token successfully recovered the support level of $ 218, which acted as a level of key support several times in the past.

According to To market the Bitcoinsensus commentator, Tao has formed a double -low model on the weekly graph, training often considered as a trend reversal signal. A breach confirmed above the reason neckline could open the way to a medium-term price target of $ 1,330, according to the analyst.

By thinking back to the daily graphic, Tao also seems to come out of a falling corner configuration of several months, another bullish overturning panel.

With the scheme close to convergence, the recent escape suggests that sellers lose control. If the move, it could trigger a sustained rise trend, with the momentum being already supported the break. The Tao RSI climbed above 55 and its MacD lines formed a Haussier crossing.

Consequently, the initial target will probably be $ 470, which increased by 82% above the current level.

Some analysts have set even more ambitious price objectives. By traderCrypto General Tao could continue $ 760 as the next major psychological resistance, with a secondary target of $ 1,340 if a strong bullish dynamic persists.