$TAO all things been equal the market is trending to dip down to the major support zone which which is 365 so short positions alert. there are lot of factors causing this bearish momentum for now firt #TAO is bought and a recent 1.4 billion $ hacked from Bybit which is making btc to fall down and other coins as well
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$TAO infact the overall sentiments of tao looks great opportunity to buy more now so I have decided to add more to my existed long positions I can't miss this. It is certainly moving towards its ATH and beyond
$TAO where we have gotten to, is better to hold tao coin than to sell it looks bullish momentum than bearish going forward and preparing to buy more now. The moment falling is fake it want to be liquiditated and takes off however, this is my analytical view and should not be taken as yardstick .
anything can happen either it goes to it's ATH or retreat back
Raodi
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$TAO
Based on Tao 1 Day Chart, here's an analysis of the TAO/USDT coin's performance and potential price range: **Current Performance:** Price:** 386.4 USDT * **Change:** +7.81% increase * **24h High:** 393.5 USDT * **24h Low:** 342.8 USDT * **Volume:** High trading volume in both TAO and USDT indicates strong interest and liquidity. * **Layer 1/Layer:** Indicates the coin operates on a Layer 1 blockchain, potentially implying a fundamental infrastructure. * **Technical Indicators:**MA(7):** 350.9 (Short-term moving average) * **MA(25):** 401.8 (Mid-term moving average) * **MA(99):** 496.1 (Long-term moving average) * **DIF:** -26.0 (MACD indicator, suggesting potential bearish momentum) * **DEA:** -25.6 (MACD indicator, similar interpretation as DIF) * **MACD:** -0.4 (MACD indicator, indicating a potential trend reversal) * **RSI(6):** 56.6 (Relative Strength Index, suggesting moderate momentum) * **K:** 59.1 (Stochastic Oscillator, suggesting moderate momentum) * **D:** 48.7 (Stochastic Oscillator, similar interpretation as K) * **3: 79.8** (Possibly another indicator, but its meaning is unclear without context) Potential Price Range:** Upside:** * The 24h high of 393.5 USDT suggests immediate resistance. * The long-term moving average (MA99) at 496.1 USDT could act as a potential resistance level if the price continues to rise. * **Downside:** * The 24h low of 342.8 USDT indicates immediate support. * The short-term moving average (MA7) at 350.9 USDT could also act as a support level. Important Considerations:**Technical Analysis:** The indicators provide a mixed picture. While the price has increased, the MACD indicators suggest potential bearish momentum. The RSI and Stochastic Oscillators indicate moderate momentum.Market Sentiment:** The overall cryptocurrency market sentiment and news related to TAO or its ecosystem could significantly impact the price.Volatility:** Cryptocurrency markets are highly volatile. The price could fluctuate significantly in either direction.