$TAO Technical Analysis for TAO/USDT According to the Attached Image on a 15-Minute Interval:

Current Situation:

Current Price: 274.9 USDT

The general trend on the short interval appears to be sideways with a downward inclination after losing upward momentum.

There is strong resistance near 287.1, which is a previous reversal point.

The most prominent support currently is at 267.1, as shown on the chart.

Indicators:

The short-term moving averages are crossing downwards (negative signal).

There was a previous buying saturation followed by a sharp decline.

The price is hovering around the moving averages' intersection, indicating a phase of volatility.

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Technical Targets:

In case of a breakout upwards (sustained break of 276.5):

First Target: 280

Second Target: 284.5

Third Target (Strong): 287.1

In case of a breakout downwards (break of 272.5):

First Target: 270

Second Target (Strong Support): 267.1

Third Target: 264

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Advice:

Careful monitoring of the 267.1 level is essential, as breaking it may lead to accelerated decline.

Entry into trades is preferred after a clear break or a rebound with strong trading volumes.