๐ TAO/USDT โ Quick analysis
TAO is currently trading around 232.2 USDT, after a sharp drop from 237.2 USDT.
๐ป Short-term trend: bearish
* SAR and Supertrend remain pointed downward.
* RSI around 34โ38 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 234โ235 USDT with volume.
โ ๏ธ To watch: 231 USDT as support and 234โ235 USDT as the rebound zone.
๐ Technical analysis, not financial advice.
TAO is currently trading around 232.2 USDT, after a sharp drop from 237.2 USDT.
๐ป Short-term trend: bearish
* SAR and Supertrend remain pointed downward.
* RSI around 34โ38 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 234โ235 USDT with volume.
โ ๏ธ To watch: 231 USDT as support and 234โ235 USDT as the rebound zone.
๐ Technical analysis, not financial advice.