Barry Silbert Sparks Debate Amidst TAO’s Bullish Momentum

Technical indicators support this positive outlook. The Relative Strength Index (RSI) currently stands at 68, signaling room for further growth before crossing into overbought territory. A bullish MACD crossover occurred on April 21st as TAO’s price hovered near the upper Bollinger Band—both signaling strong upward potential. TAO’s trading volume increased 30% to 1.2 million tokens, and On-Balance Volume (OBV) rose 15%, indicating robust buying pressure. Furthermore, a surge in trading volumes for AI-related tokens like $FET and $AGIX, with correlations to TAO of around 0.75 and 0.70 respectively, has also contributed to the momentum.