🔍 Technical Analysis: $TAO

/USDT

Current Price: $471.2 (+0.34%)

24h High/Low: $476.2 / $453.5

24h Volume: 56,735 TAO (~26.38M USDT)

Market Overview

The TAO/USDT pair has shown a slight upward momentum, currently trading at $471.2. With consistent trading volumes and price action, here’s what the chart indicates:

Support Zone: $453.5 (24h Low)

Resistance Zone: $476.2 (24h High)

Trend: Mildly bearish in the short-term (-0.15% over the last 15m), but consolidating within the $470-$475 range.

🎯 Key Targets for TAO/USDT

1. Target 1: $460 (Support Re-Test)

If selling pressure increases, the price could test the $460 level, close to the major support at $453.5.

2. Target 2: $480 (Short-Term Resistance)

A breakout above $476.2 would target $480 as the next key level, representing psychological and technical resistance.

3. Target 3: $500 (Major Upside)

Sustained bullish momentum could push TAO/USDT towards the $500 mark, a significant milestone that aligns with previous price consolidations.

Trade Strategy

Bullish Scenario: Watch for a breakout above $476.2 with volume; aim for $480-$500.

Bearish Scenario: If the price falls below $453.5, expect further downside to $450 or lower.

📊 DYOR: Always do your own research before trading. This analysis is based on historical data and current trends.

🚀 Start trading TAO/USDT now on Binance!