TAO/USDT is trading at 446.0, and the market is showing key levels that traders should pay attention to. Here’s the analysis:
🔹 Support Level: The 435.0 level is a crucial support zone. If TAO holds above this area, it could signal strong buying interest, offering a potential entry point for a bounce or upward move.
🔹 Resistance Level: The 460.0 level is a key resistance point. A breakout above this level could trigger further bullish momentum, with the next resistance target potentially around 475.0.
💡 Entry Strategy: Consider entering near the support level of 435.0 if the price shows signs of holding and reversing. Alternatively, a breakout above 460.0 with strong volume could confirm a continuation of the uptrend and offer an ideal entry point.
📊 Technical Indicators: RSI is hovering around the 50 mark, indicating a neutral market sentiment. If RSI moves toward the overbought region (above 70), it may signal caution, while a breakout above resistance would suggest further upside potential.
🔥 With clear support and resistance levels, TAO/USDT is setting up for potential price action. Monitor these levels closely, manage your risk, and be prepared for the next move!
Current Price Trend: The price is 0.23500, recovering slightly after hitting a low of 0.22926. EMA Signals: The EMA(7) (yellow line) is at 0.23535, showing the short-term price is near this line, but still below the EMA(25) (0.23874), which indicates a slight downtrend. Volume: There was a sharp sell-off earlier, seen in the high volume bar, but current volumes have decreased, showing less aggressive movement now. RSI: At 41.39, RSI suggests the market is not overbought or oversold but is on the bearish side. Suggestion for the next 15 minutes:
If the price fails to break above EMA(7) (0.23535), it could see another small decline, signaling a sell. If it moves above 0.23535 with increasing volume, you may consider a buy.
US President Joe Biden has ordered a Chinese-owned cryptocurrency miner and its partners to sell land they own near a US nuclear missile base, citing spying concerns.
MineOne Partners, which the White House says is majority-owned by Chinese citizens, has been given 120 days to sell the property, where it runs a crypto-mining operation.
The land is less than a mile (1.6km) away from an air force base in Wyoming, where intercontinental ballistic missiles are stored.
BBC News has contacted MineOne Partners and China's embassy in the US for comment.
"The proximity of the foreign-owned Real Estate to a strategic missile base... and the presence of specialised and foreign-sourced equipment potentially capable of facilitating surveillance and espionage activities, presents a national security risk",.
Francis E. Warren Air Force Base in Wyoming is home to Minuteman III nuclear intercontinental ballistic missiles.
The announcement comes just a day before the Biden administration is set to sharply increase tariffs on several Chinese imports, including electric vehicles.