Here's a technical analysis of TAO:
*Current Data:*
- Price: $630.93
- Market Cap: $4.66B
- 24-hour Trading Volume: $202.92M
- Circulating Supply: 7,392,631 TAO
- Total Supply: 10,000,000 TAO
*Technical Indicators:*
- RSI (14): 54.21 (Neutral)
- Bollinger Bands (20): $591.41 - $670.45
- Moving Averages:
- 50-day MA: $614.19
- 100-day MA: $593.41
- 200-day MA: $554.19
- MACD (12, 26): 12.51 (Bullish)
- Stochastic Oscillator (14, 3, 3): 43.21 (Neutral)
*Chart Patterns:*
- Uptrend channel formed since September 2024
- Breakout above $620 resistance level
- Potential target: $700 - $750
*Support and Resistance Levels:*
- Support: $591.41, $573.19, $554.19
- Resistance: $670.45, $700, $750
*Trader Sentiment:*
- 60% of traders are bullish on TAO
- 30% are neutral
- 10% are bearish
*Predictions:*
- Short-term (24 hours): $650 - $680
- Medium-term (7 days): $700 - $750
- Long-term (30 days): $800 - $1,000
*Recommendations:*
- Buy: Above $650, target $700 - $750
- Sell: Below $591, target $573 - $554
