Respected crypto analyst Michaël van de Poppe has flagged an altcoin—currently ranked among the top 50 cryptocurrencies by market cap—as being in an ideal entry zone.
In a June 6 post, van de Poppe reiterated his earlier call, stating that Bittensor (TAO) has reached a technical support level suitable for long-term accumulation.
TAO is trading around $369, down nearly 10% over the past week, according to CoinMarketCap. The token has seen strong volatility recently, dropping from above $400 on May 31 and forming a retracement structure.
On his chart, van de Poppe highlights a green “buy-the-dip” zone between $360–$375, a historically reactive area where prior demand sparked upward movement.
With TAO now re-entering that range, he suggests it offers a favorable risk-reward setup for buyers.
TAO currently holds a market cap of $3.24 billion, with a 24-hour trading volume of $168 million—up 92%, signaling renewed interest. The circulating supply sits at 8.79 million TAO out of a 21 million max supply, giving it long-term scarcity potential.
Van de Poppe’s analysis suggests this pullback could present a strategic accumulation opportunity before the next potential breakout.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/top-analyst-highlights-buy-signal-for-altcoin-as-price-dips-to-key-support/