$TAO

[TECHNICAL ANALYSIS – TAO/USDC]

Timeframe: 1D

Trend: Strong bullish momentum

Sentiment: Optimistic

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Key Data:

• Current Price: 387.3 USDC

• 24h High / Low: 392.0 / 363.8

• EMA(7): 382.6

• EMA(25): 394.6

• EMA(99): 378.0

• MA(5): 20,586.91

• MA(10): 20,816.03

• RSI(6/12/24): 50.5 / 48.1 / 49.9

• Volume (24h): ~17,582.19 TAO / ~6.69M USDC

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Key Highlights:

• Entry Point: Potential entry near 378.0–382.0, where local support is forming.

• Profit Target: First target near EMA(25) at 394.6, and if broken, the next one near 400.0.

• Risk: Suggested stop-loss below 375.0, to limit downside exposure.

• RSI Momentum: RSI(6) indicates neutral momentum, but a volume increase could support a breakout.

• Volume Activity: Higher trading volume may confirm a move above resistance levels.

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Conclusion:

TAO/USDC is consolidating near key support levels, with potential for an upward move if volume increases. A breakout above 394.6 would confirm bullish strength, opening the path to 400.0.

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#Crypto #Trading #TAO #TechnicalAnalysis #Binance