$TAO Layer 1/Layer 2 Showing Bullish Momentum! 🚀
On the 15m timeframe, $TAO currently at $363.5, up by a solid +4%! The 24h high is $364.2, with a volume of 79K TAO and 27M USDT. The RSI is elevated at 66, indicating increasing buying pressure in this short timeframe.
✅ Key Observation:
#TAO is showing consistent upward momentum on the 15-minute chart, approaching its 24h high.
next Next Potential targets:
🎯 $364.2 (24h high - immediate resistance)
🎯 $366.0 (potential next resistance level)
🎯 $370.0 (potential further resistance if momentum continues)
🛡️Important Support Level (to watch for potential pullback):
🛡️ $361.0 (potential near-term support zone)
🛡️ $358.0 (stronger support level)
🛑 Stop Loss: Consider a stop loss around $357.0 to manage risk in this volatile short timeframe.
📈 **Potential Price Path in the Next Hours:**
#TAO is exhibiting steady bullish momentum on the 15-minute chart. A break above the immediate resistance at $364.2 could lead to a test of the $366.0 level. Sustained buying pressure might then push it towards the $370.0 mark. However, given the short timeframe, be prepared for rapid price fluctuations. Watch the RSI for potential overbought signals and monitor the support levels for any signs of a pullback.
Buy and trade here on $TAO
