๐Ÿ“Š TAO/USDT โ€“ Quick analysis

TAO is currently trading around 232.2 USDT, after a sharp drop from 237.2 USDT.

๐Ÿ”ป Short-term trend: bearish

* SAR and Supertrend remain pointed downward.
* RSI around 34โ€“38 โ†’ strong selling pressure, but the market is starting to approach the oversold area.
* MACD is negative โ†’ momentum is still fragile.
* Key support: 231.0 USDT.
* A clear break below 231 USDT could pave the way for another decline.
* For a reversal, it will mainly need to reclaim 234โ€“235 USDT with volume.

โš ๏ธ To watch: 231 USDT as support and 234โ€“235 USDT as the rebound zone.

๐Ÿ“Œ Technical analysis, not financial advice.