$TAO /USDT – Bearish Breakdown in Progress!
Momentum Analysis
TAO has dropped -16.92% to $362.4, losing key support levels. The 24h high was $441.3, and the low hit $353.4, showing strong downward pressure. High 24h volume of 375,849.48 TAO (worth $144.85M) suggests increased selling activity.
Short Setup:
Entry Zone: $367 - $375
Targets:
T1: $353
T2: $342
T3: $330
Stop Loss: $385
Breakdown Confirmation & Key Resistance
Breakdown confirmed below: $362
Key Resistance: $375
Pro Tip for Traders
TAO is facing intense selling pressure. A retest of $375 as resistance may provide a solid short opportunity. If price reclaims $375, exit shorts and reassess. Watch Bitcoin's movement for broader market sentiment.
