TAO Ready to Fly? 🚀 Or Another Fakeout? 🤔
TAO/USDT is showing signs of strength, trading at $351.4 with a +1.77% gain in the last hour. After bouncing off the $337 support, the price is forming a bullish structure with higher lows and steady recoveries. The short-term moving averages (MA7 and MA25) are acting as dynamic support, suggesting buyers are stepping in.
Key Support Levels:
$346 — short-term bounce zone.
$340 — critical defense line.
$337 — must hold to maintain bullish structure.
Key Resistance Levels:
$357 — immediate barrier.
$365 — breakout confirmation zone.
$370+ — expansion target if momentum sustains.
Market Outlook:
If TAO closes a strong candle above $357 with increased volume, it could rapidly push towards $365-$370 levels.
Positive 7-day and 30-day growth rates (+23% and +30%) show bullish momentum building up.
However, overall long-term metrics are still slightly negative, reflecting the need for caution.
⚡ Final Warning:
If TAO fails to break $357 and falls below $340 again, expect a quick drop back to $330-$325. Volume must support any breakout — otherwise, it could turn into a brutal fakeout. Always use risk management!