🚀 TAO/USDT Price Outlook: Next Move, Support, and Resistance Update! 📈
Based on the TAO/USDT weekly chart:
Current Price: ~$413.9 💰
Resistance Zone
The nearest resistance is around $596.8, with a higher resistance at $1,246.0 where the price has faced significant barriers. ⬆️
Support Zone:
The immediate support is near $346.8, with a stronger support range around $200.4-$346.8 where the price has shown stability. ⬇️
Next Move: 🌟
With a recent +7.98% gain, the price is trending upward from the support zone. If the momentum continues, TAO could test the $596.8 resistance next. A break above might push it toward $1,246.0. However, if it fails to hold, it may retreat to the $346.8 support or lower to $200.4. 📊