TAO/USDT rose strongly, breaking through the key price level, and the momentum continues!
In the past 24 hours, the price of TAO/USDT has increased sharply by 8.03%, and the current trading price has climbed to $615.9, close to the 24-hour high of $619.9. The pair managed to break out of the $551 low, marking a notable upward move. Volume data shows a significant increase in market participation, with TAO’s total trading volume reaching 174,329 units, while USDT’s trading volume exceeded $102 million.
Analysis of key technical levels:
Resistance: $623.4, which is the next key breakthrough point. A successful break above this resistance level could push the price further towards new highs.
Support: $598.1, a level that is crucial to sustain the current uptrend. If the price falls back to this point, it may provide traders with an opportunity to re-enter the market.
Current trends suggest that TAO/USDT may continue to move higher, but traders should keep a close eye on the key technical levels mentioned above to assess the risk of a possible breakout or pullback in the future.
