$TAO /USDT Price Analysis
$TAO /USDT has surged to $516.4, recording a daily high of $519.5 after rebounding strongly from its low of $490.9. The price shows a steady upward momentum with a gain of 5.26%, reflecting increasing bullish interest in the market.
Key Levels to Watch:
Resistance: $519.5 – Breaking above this key level could open doors for a move toward $530 or higher.
Support: $500.0 – A dip below this level might trigger a pullback toward $490.9.
Trade Setup:
Entry Point: Around $515.0
Targets:
1. $525.0 (short-term)
2. $530.0 (next target)
Stop-loss: $495.0
Market Insight:
TAO is exhibiting strong recovery signs with a breakout attempt. If the price maintains momentum and breaches $519.5, further bullish action is likely. However, traders should monitor $500.0 as critical support for signs of trend reversal. Stay cautious with tight risk management.
