$TAO TAO (Theta Token) has shown signs of a strong performance lately, yet its market movements suggest a cautious outlook for the short term. Currently priced at 467.3, it faces resistance around this level. The project's fundamentals remain solid, as it powers decentralized video streaming, with increasing adoption across blockchain ecosystems. However, it is currently facing market consolidation, which could limit upward momentum in the immediate future.

Analysis:

- **Bullish or Bearish:** Bearish (short-term)

- **Target Price (short-term):** 460 - 475 range

- **Buy Price:** Near 467.3, but ideally below 460 for better risk/reward

- **Correct Price:** The current price seems reasonable considering short-term resistance, but a dip below 460 could present a better entry point.

TAO’s fundamentals are promising long-term, but the price needs to break resistance for any meaningful upward movement. Watch for market signals before entering.$TAO