TAO/USDT ANALYSIS

23 ago

TAOUSDT.P

TAO price has recently broken out of a long-term descending channel, indicating a potential shift from a bearish to a bullish trend. The breakout is accompanied by an RSI above 70, suggesting strong upward momentum, though the asset might be entering overbought territory. The current resistance level is around $336.80, which could pose a challenge for further upward movement.

For buy opportunities, consider entering on pullbacks to the key moving averages (20/50 EMA) or support levels near $302.12, as these may offer better risk-reward ratios. If the price holds above $336.80, it could signal a continuation of the bullish trend, with the next target around $364.98.