Hereโs a concise technical trading analysis for $TAO
/USDT (Perpetual Futures)
๐ TAO/USDT Market Snapshot
Metric Value
๐ฐ Last Price $428.20
๐ Mark Price $428.32
๐ผ 24h High $439.29
๐ฝ 24h Low $421.57
๐ฆ 24h Volume (TAO) 238,978.65 TAO
๐ต 24h Volume (USDT) $102.82M
INR Price โน121,210.57 (+0.54%)
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๐ Key Price Zones
Zone Price Levels ($)
๐บ Resistance $432.38 โ $436.28 โ $439.29 โ $440.18
๐น Current $428.20 (mid-range, testing short-term resistance)
๐ป Support $424.58 โ $421.57 โ $420.68
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๐ Technical Indicators
Indicator Value Interpretation
๐ Volume 6.74K+ Moderate market participation
๐งฎ MA(5) 11,790.04 Short-term average: trending upward
๐งฎ MA(10) 11,217.47 Momentum is building
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๐ง Trade Setup & Strategy
๐ข Bullish Scenario (Breakout Watch)
๐ Entry Zone: $428.50โ$430
๐ฏ Target 1: $436
๐ฏ Target 2: $440
๐ Stop Loss: $421
๐ Reason: Near MA support with higher lows on volume recovery.
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๐ด Bearish Scenario (Rejection From Resistance)
๐ Entry: Below $424.50
๐ฏ Target: $421.50 โ $418
๐ Stop Loss: $430
๐ Reason: Rejection at resistance + loss of short-term MA(5) support.
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โฑ๏ธ Trend Overview
Timeframe Trend Momentum
15m โ๏ธ Sideways Minor indecision
1h ๐ผ Bullish Testing resistance
4h ๐ผ Bullish Slow grind upward
1D โ ๏ธ Neutral-to-Bullish Needs breakout > $440
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โ Conclusion
TAO/USDT is consolidating below a key resistance level. If it breaks above $432โ$436, it may rally to $440+. However, if momentum fades, price may retest support at $421โ$418.
Would you like to see a chart with RSI, MACD, or Bollinger Bands for confirmation? ๐๐
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