Technical Analysis of $TAO

/USDT💯🔥

Current Price: $442.10

Trend: Neutral with a slight bearish bias after the 0.65% decline in the last 24 hours.

Key Support and Resistance Levels:

Support: $435.00 (Recent low, strong support)

Resistance: $458.20 (Recent high, strong resistance)

Moving Averages:

Short-term moving averages indicate a slight downward correction after hitting $458.

RSI suggests a neutral zone, implying limited momentum for the time being.

Trade Signal:

Buy Signal: Consider buying if price breaks above $445 with momentum; target $460.

Sell Signal: Look for a sell if price drops below $435, with the next target being $420.

Target Levels 🎯:

1. Target 1: $460 (Resistance Breakout)

2. Target 2: $450 (Minor Resistance Level)

3. Target 3: $420 (Potential Support Test)

Trade Momentum: Bearish momentum is limited; expect consolidation around current price levels. Look for volatility in the coming hours for clearer signals.

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