๐ $TAO
/USDT Technical Analysis & Price Targets ๐ฏ
The TAO/USDT pair has shown strong movement recently, making it a key focus for traders. Hereโs a detailed breakdown of its current trends and price targets:
๐ Current Price: 609.4 USDT
๐ด 24h High: 623.9 USDT
๐ต 24h Low: 551.0 USDT
Price Action Overview:
+6.09% growth over the last 24 hours, signaling a bullish trend.
Recent Pullback: Shorter timeframes (15m & 1h) show slight retracements of around -2.46% and -8.57% respectively, suggesting possible consolidation before the next move.
Key Technical Levels:
1. Target 1: 623.9 USDT
Resistance Zone: If TAO can break through the 623.9 USDT resistance, we could see an upward continuation toward higher targets.
2. Target 2: 650 USDT
Next Target: The next key level to watch is 650 USDT, where additional resistance might be found. A strong breakout here could signal a larger bullish move.
3. Target 3: 700 USDT
Bullish Extension: In a favorable bullish scenario, a move towards 700 USDT is likely, which could trigger more buying interest in the market.
๐ก Key Takeaway: While short-term retracements are in play, the long-term trend remains bullish, and we may see TAO continue its upward momentum towards the next key levels.