TAO/USDT Market Update 📈
TAO is showing clear signs of short-term recovery after a strong bounce from the $220.5 support zone. On the 1H timeframe, price is currently trading around $239.5, posting a solid +4.3% daily gain. This move comes after a prolonged corrective phase, suggesting buyers are slowly regaining control.
Technically, price is now trading above the 25 MA (≈236.8) and hovering near the 7 MA (≈239.6), which often signals bullish momentum in the short term. The 99 MA around 234 is acting as a key dynamic support and was respected during the recent pullback — a positive sign for trend continuation. Volume remains relatively stable, indicating healthy participation without extreme volatility.
The next major resistance sits near $242–245, aligned with the recent 24H high. A clean break and hold above this zone could open the door for a move toward $250. On the downside, immediate support lies around $236, followed by stronger support near $228 if momentum weakens.
Overall, TAO is showing a constructive structure with higher lows forming after the recent bottom. As long as price holds above the mid-230s, bullish continuation remains on the table. Traders should watch volume and reaction near resistance closely.
Not financial advice. Always manage risk.
