📉 TAO Weekly Analysis (TAO/USDT) 📉
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TAO is currently trading at $376.7, down -3.26% in the last 24 hours, showing signs of sideways consolidation after recent volatility. Price has been hovering near the short-term moving average, suggesting indecision in the market.
📊 Key Points:
24h High: $398.1 | 24h Low: $367.0
RSI (6): 50.0 – Neutral zone, indicating neither overbought nor oversold conditions.
MA(7): $382.2 | MA(25): $342.9 – Short-term price action is closely aligned with moving averages.
Volume is relatively low compared to past peaks, hinting at reduced trading momentum.
🔍 Outlook:
TAO is in a consolidation phase. A breakout above $400 could signal renewed bullish momentum, while a drop below $360 may trigger further downside. Traders may watch for volume spikes to confirm the next trend direction.