$TAO Short-Term Technical Outlook (Next 4 Hours):
Recent technical analyses indicate a bullish trend for TAO:
Bullish Momentum: TAO has been forming higher highs and higher lows, with indicators like Parabolic SAR and MACD supporting continued upward movement.
Resistance Levels: Immediate resistance is identified around $470, with potential to test the $500 mark if bullish momentum persists.
Support Levels: Key support is observed near $450. A drop below this could indicate a short-term bearish reversal.
Expert Opinions:
Analysts suggest that if TAO maintains its current trajectory and breaks above the $470 resistance, it could approach the $500 level in the near term. However, failure to sustain above $450 may lead to a pullback.
Conclusion:
In the upcoming 4 hours, if TAO continues its bullish momentum and surpasses the $470 resistance, it may target the $500 level. Conversely, a decline below $450 could signal a short-term bearish trend. Traders should monitor these key levels and utilize appropriate risk management strategies.