#BittensorTAO
is currently trading at $411.2, up 11.86%, after hitting a 24-hour high of $411.7 $ and a low of $352.9. The price is heading towards resistance, testing critical levels.
Key Levels
Resistance: 415.0 $ – A breakout could send TAO to $425.0 $ and $435.0.
Support: 400.0 $ – If this fails, expect a drop to $390.0 $ and $375.0.
Trade Setup
Long Entry: Above $415.0, targeting $425.0 $ and $435.0.
Short Entry: Below $400.0, targeting $390.0 $ and $375.0.
Stop Loss: 398.0 $ for longs, 417.0 $ for shorts.
Market Overview
MACD remains bullish, supporting the bullish momentum.
Volume is increasing, confirming strong buying interest.
TAO needs to break above 415.0 $ to continue its uptrend. A rejection could trigger a pullback, so watch the price action closely.