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>>TAO's funding rates have turned positive and open interest has hit a record, raising the question of whether the price could soon break $400.

TAO's funding rates have turned positive and open interest has hit a record, raising the question of whether the price could soon break $400.

crypthub

3 days ago

Price Momentum

TAO is trading above $340, up more than 8% this week. Open interest hit a record $554.98 million on March 26 and remains elevated near $408 million. Funding rates turned positive at 0.008%, meaning longs are paying shorts. Similar funding flips have historically preceded sharp price surges. A US‑Iran ceasefire has eased geopolitical risk, adding broader crypto tailwinds.

Technical Outlook

TAO sits atop its 50‑, 100‑ and 200‑day EMAs in the $258‑$275 range, keeping the uptrend intact. The daily RSI is 68 and the MACD line is rising toward the signal line, while the histogram contracts, signaling fading bearish pressure. Immediate support lies around $298, aligning with the 38.2% Fibonacci level. A close above $341 (the 50% retracement) would open a path to $388 and the psychological $400 mark. Conversely, a break below $294 could collapse the structure and pull price back into the mid‑$200s.

Related Infrastructure Play

LiquidChain, a Layer 3 cross‑chain liquidity solution for Bitcoin, Ethereum and Solana, is gaining attention as institutional capital flows into L3 infrastructure. Its presale is priced at $0.01447 and has raised about $647 k so far. The project promises a unified liquidity layer, single‑step execution and verifiable settlement, but presale assets remain high‑risk with thin liquidity. Traders eye it as a potential catalyst for TAO’s next move.

Risk and Reward

At $335 the upside to a $400 target is roughly 19%, far less than the 74% run from the $167 lows. The market appears to be consolidating between $298 and $341, forming a base before a larger move. A decisive daily close above $341 would likely unleash momentum, while a breach of $294 could derail the rally. BTC’s stability above key levels further supports TAO’s breakout potential.