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March 9, 2026

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AI Crypto Momentum Builds: TAO and NEAR Prices Eye a Major Breakout

Forex 3 Mins Read

The post AI Crypto Momentum Builds: TAO and NEAR Prices Eye a Major Breakout appeared first on Coinpedia Fintech News

AI-focused cryptocurrencies are attempting a mild recovery after facing extended selling pressure in recent months. While the broader market structure remains cautious, recent price action in Bittensor (TAO) and NEAR Protocol suggests that buyers may be slowly stepping back into the market.

Both assets are currently testing crucial resistance levels that could determine whether the recovery continues or stalls.

TAO Price Attempts Recovery From Key Support

TAO recently rebounded from the $138 support zone, which has acted as a strong demand area during the latest correction phase. After forming a local bottom, the price has started to create higher lows, supported by a rising trendline. Currently trading near $194, TAO appears to be building short-term bullish momentum. However, the asset faces a strong resistance zone near $220, which previously acted as support before the breakdown.

As seen in the above chart, the price is rising along the ascending trend line, which has been acting as a strong support zone. The RSI & OBV have displayed a bullish divergence, hinting towards a bullish continuation. Therefore, if buyers manage to push the price above this level, TAO could attempt a recovery toward the next resistance around $240–$250. On the downside, losing the $186 support may weaken the current structure and expose the price to another decline toward $138.

NEAR Price Eyes Breakout After Downtrend

NEAR Protocol price is also attempting to stabilize after a prolonged downtrend. The asset recently bounced from the $1.00 demand zone, suggesting that buyers are defending the lower levels. At present, NEAR is trading near $1.24 and approaching a key resistance level around $1.41. This area previously acted as support before turning into resistance following the breakdown.

If the price manages to reclaim $1.41, the recovery could extend toward $1.66, where another major resistance zone lies. However, failure to break this level may keep the broader bearish structure intact.

The NEAR price has been sustained above the 50-day MA despite facing significant upward pressure. Besides, the RSI has shifted to a recovery mode, which suggests the rally is gaining strength. Hence, the NEAR Protocol price is expected to surge above $1.41 and reach $1.5, opening the path to $1.8 to $2. On the flip side, the rally is likely to plunge below $1 and remain consolidated. 

Conclusion

Both TAO and NEAR prices appear to be entering a potential recovery phase after extended corrections. However, the next move for both assets will largely depend on whether buyers can successfully reclaim the nearby resistance levels.

A breakout above $220 for Bittensor and $1.41 for NEAR Protocol could confirm stronger bullish momentum, while continued rejection may keep both tokens trading within their broader consolidation ranges.

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Stocks

SCHD ETF stock rally has stalled: here’s why it may rebound soon

Stocks 3 Mins Read

The Schwab US Dividend Equity ETF (SCHD) rally has stalled this month amid the ongoing pullback in the stock market as the geopolitical crisis in the Middle East continued.

SCHD stock dropped to $30, down by about 3% below the year-to-date high of $32.

SCHD ETF to react to the ongoing war in Iran 

The first main catalyst for the SCHD ETF is the ongoing war in Iran and its fallout in the region.

This war has driven global stocks lower, with the Hang Seng and Nifty 50 indices falling by over 2% and 7%, respectively.

It also pushed crude oil prices higher, with Brent and the West Texas Intermediate (WTI) crossing the important resistance level at $100.

Natural gas prices have also jumped by double digits this year.

On the positive side, the SCHD ETF is made up of companies that will likely benefit from the ongoing war.

For example, Lockheed Martin, its biggest constituent, will benefit from the ongoing war as countries, including the United States, boost their defence spending. 

More orders will likely come from countries in the Middle East, which have seen the vulnerability of their systems. 

ConocoPhillips and Chevron, the other big names in the fund, are also to benefit from the ongoing crude oil and natural gas prices surge.

Energy companies account for about 20% of the fund.

The other big names in the fund, like Verizon, Bristol Myers Squibb, Altria, Coca-Cola, PepsiCo, and Texas Instruments will not be affected substantially by the ongoing war. Consumer staples and health care companies represent 18.50% and 16.20% of the fund.

The SCHD ETF is also benefiting from the ongoing rotation from growth to value as investors question the AI boom. Indeed, some of the top AI companies have slumped in the past few months. 

NVIDIA, the biggest player in the world, has slumped into a technical correction after falling by 16% from its highest point last year.

Similarly, Palantir, another top AI company, has dropped into a bear market, falling by over 20% from its all-time high.

Other top players in the AI industry like Adobe, ServiceNow, and Amazon, have all slumped.

The SCHD ETF is also highly undervalued, with data showing that the price-to-earnings ratio stands at 18.6, much lower than the S&P 500 Index’s 23.

Its price-to-free cash flow of 10 is lower than other funds.

The other potential catalysts for the fund will be the upcoming US consumer inflation and personal consumption expenditure (PCE) report that comes out on Wednesday and Friday this week.

SCHD ETF share price technical analysis 

SCHD stock chart | Source: TradingView 

The daily timeframe chart shows that the SCHD ETF stock price has pulled back from the year-to-date high of $32 to the current $30.

On the positive side, the fund has remained above the 50-day and 100-day Exponential Moving Averages (EMA). 

It has also formed a bullish flag pattern, which is made up of a vertical line and a channel that resembles a hoisted flag.

Therefore, the most likely scenario is where the fund continues rising, with the initial target being the all-time high of $31.95.

A surge above that level will point to more gains, potentially to the psychological level at $35.

The post SCHD ETF stock rally has stalled: here's why it may rebound soon appeared first on Invezz

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