$TAO USDT Daily Update: A New Opportunity for Mid- to Long-Term Investors
Overview
TAO (Bittensor) is gaining attention again, with recent price action offering potential buying opportunities. Previously, we analyzed TAO, achieving over 80% profit without leverage. As we move forward, let’s explore the current market dynamics and actionable insights.
Current Market Perspective
TAO is trading at $444.6, down 3.64% on the spot market. On the perpetual futures (Perp) market, TAOUSDT is priced at $444.71, a 3.62% drop. This positions TAO at a significant discount from its earlier highs.
Technical Insights
Buy Zone: $452 - $420 is identified as a favorable range for mid- to long-term investments.
Key Support Level: Invalidation occurs below $380, indicating a potential exit point for risk management.
Target Projections
Mid-Term Targets:
$476.8
$496.1
$505.4
$521.7
$538
$586
Long-Term Targets:
$644
$676
$717
$760
Conclusion
TAOUSDT currently offers a strategic entry point for investors eyeing mid- to long-term growth. The targets outlined provide a clear roadmap, while the invalidation level ensures disciplined risk management. Stay tuned for further updates as we track TAO’s performance in the coming days.
