TAO/USDT Chart Analysis
$TAO is currently down 68% in the last 3 months from its all-time high. Despite this, it has delivered a staggering 26x return over the past year from its bottom and is currently up 750%.
Price Performance:
▪️ 7th May 2023: $29
▪️ Current Price: ~$236
▪️ ATH: $777
Chart Analysis:
▪️ Current Situation: $TAO has bounced from the first bullish Order Block (OB1) and is showing potential for a move towards $350-$400.
▪️ Bullish Scenario: Breaking the red box bearish OB could propel $TAO into the $1000 club.
▪️ Bearish Scenario: If $TAO breaks below the $200 support level, we could see a drop to the second bullish Order Block (OB2) around $130-$150, which would present an ideal entry point.
Stay tuned for more updates and happy trading!