The TAO coin 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 coin ranks 31st globally in terms of market capitalization.
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📊 Technical Analysis
Technical Indicator Signals
TradingView: Technical indicators suggest "strong buy" on the daily and weekly, and "buy" on the monthly.
Bitget: Among 25 technical indicators, 16 indicate "buy," 8 indicate "neutral," and only one indicates "sell," which supports the strong buy signals.
Chart Patterns
Round Bottom Pattern: Analysis indicates 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 and 200-day moving averages, reinforcing bullish expectations.
Momentum Indicators
Relative Strength Index (RSI): Shows a value of 60, indicating upward momentum with the potential for further increases.
MACD Indicator: Approaching a bullish crossover, which may enhance the upward trend.
