TAO
📊 TAO/USDT 4H Chart Analysis
🔹 Price Overview:
Current Price: $385.9
24H Change: +3.43%
24H High/Low: $391.0 / $370.4
Volume (24H): 46,394.85 TAO / 17.68M USDT
🔺 Key Price Levels:
Recent High: $500.0
Recent Low: $347.4
Current Recovery Zone: Approaching resistance near $391
📈 Trend Summary:
After peaking at $500, TAO experienced a sharp downtrend to $347.4.
The price has since rebounded, forming higher lows and currently sits at $385.9, showing signs of a potential short-term bullish reversal.
📊 Volume & Momentum:
Volume spikes are evident during both the selloff and the recent recovery, indicating strong trader interest.
RSI (6): 73.5 – entering overbought territory, signaling possible upcoming resistance or correction.
📌 Technical Indicators:
MA(5): 7,994.23
MA(10): 9,981.14
The short-term moving averages show consolidation but are beginning to diverge, supporting a potential upward continuation if momentum sustains.
🧠 Conclusion: TAO is recovering after a significant drop from $500, now testing a key resistance zone. RSI indicates potential overbought conditions, so caution is warranted for short-term traders. A breakout above $391 could open the path to retesting the $406–$440 range.