$TAO /USDT
๐ง TAO/USDT Overview
Current Price: $344.60
24h Change: โ11.21% ๐ป
24h High: $391.80
24h Low: $341.00
Volume:
TAO: 159,061.30
USDT: $57.63M
๐ Technical Key Levels
Level TypePriceNotesResistance 1$359.50Near-term ceilingResistance 2$373.00Major rejection zoneResistance 3$391.8024h high; likely profit-taking zoneCurrent$344.60In breakdown territorySupport 1$341.00Immediate support; critical lineSupport 2$328โ$320Prior demand zone on larger timeframes
๐ Technical Outlook
๐ Short-Term Trend: Bearish
Strong 11% daily drop, indicating aggressive selling pressure
Broke below key support zones around $360โ$350
Sitting just above 24h low โ risk of breakdown if BTC also weakens
๐ Volume & Momentum:
High sell volume around $370โ$360
Price unable to hold higher lows
RSI (implied) likely oversold; possible short-term bounce, but not reversal
๐ Trade Scenarios
๐ป Bearish Continuation
Entry trigger: Break below $341
Target: $328 โ $320
Risk: Sudden bounce if BTC rallies or spot buys return
๐ Relief Reversal
Entry: Bounce with volume above $350
Target: $359 โ $373
Invalidation: Failure to reclaim $350
๐ง Strategic Takeaway
โDonโt fight strong momentum โ but watch for liquidity traps near major lows.โ
Avoid longs unless price reclaims $350โ$355 with strength
Short-term play possible, but needs tight risk control
Macro sentiment (BTC, ETH) will likely drive direction here
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