🚀 $TAO

O/USDT Technical Analysis & Targets 🎯

Price Update (1D)

Current Price: $564.0 (+7.98%)

24h High: $572.3

24h Low: $508.7

Volume (24h): 149,403 TAO (~$80.53M USDT)

Technical Analysis

TAO/USDT is showing strong bullish momentum after bouncing off the support at $508.7. With increased trading volume, the price is breaking resistance levels, signaling potential for further upside.

Indicators:

RSI: Trending upward, suggesting strong buying pressure.

EMA (20/50): Bullish crossover observed, confirming upward momentum.

MACD: Positive divergence indicates continuation of the uptrend.

🎯 Targets to Watch

1. Target 1: $600

Psychological resistance level; breaking above could confirm continued bullish sentiment.

Likely achievable if momentum remains strong in the short term.

2. Target 2: $640

Key resistance zone from previous consolidation; breaking this level could open the door to new highs.

Monitor volume at this level to confirm breakout.

3. Target 3: $680

Long-term target with Fibonacci extension aligning; achieving this level would require sustained volume and broader market support.

📊 Strategy Suggestion

Entry Zone: $540–$564 (on pullbacks).

Stop Loss: $508 (below recent low).

Take Profit: At each target, scale out (e.g., 25% at $600, 50% at $640, 25% at $680).