#CryptoReboundStrategy TAO showed a reversal pattern after reaching its lowest point at 163.7. The price is currently at 560.5, representing a significant increase from that low.

The chart pattern resembles a double bottom or a cup and handle, which are often considered bullish signals.

EMA(7) and EMA(25) are below the current price, indicating bullish momentum.

If the price remains above EMA(7) and EMA(25), the bullish trend is likely to continue.

The MACD value is in the negative zone (-9.2), but there is a possibility of a bullish crossover in the near future if the histogram starts to rise.

The trading volume in the last 24 hours was quite high (91,662 TAO), indicating significant market interest.

If the volume continues to increase, this could strengthen the bullish momentum.

The RSI is at 53.7, indicating that the market is in the neutral zone. However, the bullish trend of the RSI could be a bullish signal if it surpasses the 60 level.

Nearest resistance: 586.7 (24-hour high).

Nearest support: 547.0 (24-hour low) and EMA(25) around 486.7.

If the price manages to break through the resistance of 586.7, it is likely to test the 900-905 level, corresponding to the upward trend line on the chart.