📈LONG: $TAO (1D)

#TAOUSDT | #TAO | #Bittensor

Current Price $534.22

Market Cap $3.95B

Change 1h +1.62% | 24h +1.48%

Daily Indicators:

• RSI: 53 - Neutral 🟠

• MACD: 3.03 - Bullish 🟢

• EMA: 517 - Trading Above 🟢

Analysis: The chart shows a bullish flag pattern forming on the daily timeframe for $TAO/USDT. This suggests a potential upward move if the flag breaks upward. However, keep an eye on the ascending support as a breakdown might lead to a retracement.

Price Targets: If the bullish flag confirms, the first target could be around $665, with a possible push towards $850. In case of a breakdown, watch for support near $505. Happy trading!

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