Top Analyst Highlights Buy Signal for Altcoin as Price Dips to Key Support
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 has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
