TAO/USDT Technical Analysis & Trade Signal
Current Price: $530.2 (Down -2.64%)
Trend: Bearish in the short term, as the price is below the previous resistance at $559.3.
Key Levels:
Support: $519.2 (24h Low)
Resistance: $559.3 (24h High)
Trade Signal:
Signal: Sell (bearish momentum confirmed)
Target Levels 🎯:
1. Target 1: $525 – Immediate support area.
2. Target 2: $519 – 24h Low (strong support zone).
3. Target 3: $510 – Next potential support if bearish momentum continues.
Momentum:
Bearish Momentum: The price is trending down with lower highs, and the volume is leaning toward selling pressure (24h volume of 73.53M USDT).
Potential Reversal: Watch for any break above $545 for a potential trend reversal.
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