Here is a technical analysis summary for $TAO
/USDT (Perpetual Contract)
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📌 Market Overview
Metric Value
Last Price $353.75
24h Change -0.67%
Mark Price $353.96
24h High / Low $362.45 / $334.18
24h Volume (TAO) 463,976.02 TAO
24h Volume (USDT) $162.15M
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📈 Technical Indicators
Indicator Value Interpretation
Moving Average (MA 5) 10,141.00 ⚠️ Likely unit is volume; needs clarification
Moving Average (MA 10) 13,328.98 ⚠️ Also volume-based; price MA unavailable
Volume (last tick) 9,017.87 📉 Moderate market activity
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📉 Price Levels
Resistance Levels Support Levels
$362.45 (24h high) $334.18 (24h low)
$366.90 $343.30
$390.50+ (macro R) $331.49
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🔎 Trend & Momentum Insights
Price Trend: Currently trading in a tight range between support at ~$334 and resistance near ~$362.
Momentum: Negative short-term momentum (−0.67%) but not sharply bearish.
Volatility: Range of ~$28 over 24h suggests moderate intraday volatility (~8%).
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🧭 Summary
Consolidation within a wider $330–$360 channel.
May retest support at ~$343 or lower if it fails to hold above $353.
Breakout above $362.45 could push toward $370–$390, but no strong momentum signal yet.
Volume not surging, so wait for confirmation before large directional trades.
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✅ Trade Considerations
Scenario Action Idea
Bullish Case Enter above $362.50, TP $370–$390, SL $353
Bearish Case Short below $343, TP $334–$330, SL $355
Neutral Range trade between $343–$362
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