$TAO /USDT Price Analysis: Bulls Gaining Momentum $TAO is trading at $440.5, showing a 1.76% increase over the last 24 hours. The price recently rebounded from a low of $386.1, with bullish momentum pushing it towards key resistance levels.
Key Levels:
Resistance: $444 – Breaking this level could target $455 and $463 in the next bullish leg.
Support: $421 – A failure to hold above this level may lead to a retest of $408.
Indicators:
RSI at 77.9 indicates overbought conditions, suggesting caution for further upward moves.
Volume shows increased buying interest, supporting bullish sentiment.
Trade Setup:
Long Entry: Above $444 with targets at $455 and $463.
Short Entry: Below $421 with targets at $408 and $396.
Risk Management: Use a stop-loss at $428 to minimize downside risk.