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TAO/USDT: Predicting the Pump and Watching it Unfold đ
In my earlier analysis (refer to the first chart), I highlighted a strong resistance zone that TAO/USDT had been battling against for a while. With multiple tests of this zone, it was clear that a breakout was imminent, and I anticipated a sharp rise.
At the time, the price was hovering around $462.71, experiencing an impressive 13.57% gain. The signs of a breakout were obvious:
TAO/USDT had bounced off its support level near $163, building momentum.
The downtrend line and resistance zone were tightening, indicating a potential upward surge.
Volume was increasing, suggesting growing buyer interest as TAO was approaching critical levels.
In my analysis, I marked a possible breakout point, and, as predicted, the price exploded through resistance. đ
And just as predicted... BOOM! đ„ The second chart shows the aftermath of that breakout. TAO has pumped all the way up to $598.99, gaining +6.88% from that point and achieving a massive surge. We saw it hit a high of $718.48, confirming the bullish breakout pattern.
Key Takeaways:
Resistance Breakout: The previous resistance zone has now turned into a strong support level, ensuring further bullish momentum in the near term.
Volume Spike: Strong buyer interest supported the move, driving the price upwards.
Future Outlook: TAO still has room to push higher, with $718.48 acting as the next critical resistance level. Keep an eye on this level for potential profit-taking.
For those who followed my earlier call, congratulations on riding this wave! đ For new traders, stay cautious, as pullbacks may occur, but the overall sentiment remains bullish.
Stay tuned for more updates and key levels to watch as TAO continues to rise.
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