The TAO currency is currently trading at around $445.3, with an increase of 7.63% over the past 24 hours. The daily trading volume is approximately $118 million, and the currency ranks 31st globally in terms of market capitalization.
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📊 Technical Analysis
Technical Indicator Signals
TradingView: The technical indicators indicate "Strong Buy" on the daily and weekly timeframe, and "Buy" on the monthly timeframe.
Bitget: Among 25 technical indicators, 16 indicate "Buy", 8 indicate "Neutral", and only 1 indicates "Sell", supporting the strong buy signals.
Chart Patterns
Round Bottom Pattern: Analyses indicate the formation of a round bottom pattern, with a neckline at the $480 area. If this level is breached, the price may target $778, representing a 60% increase.
Golden Cross: A golden cross has been recorded between the 50-day and 200-day moving averages, reinforcing bullish expectations.
Momentum Indicators
Relative Strength Index (RSI): Shows a value of 60, indicating bullish momentum with the possibility of continued upward movement.
MACD: Approaching a bullish crossover, which could enhance the upward trend.