While boosting daily spot trading turnover to above $94 million, the $TAO price further surged to around $318. Over the past 24 hours, the increase has crossed the 20% threshold, continuing to stay among the front-runners in spot unusual activity.
Compared with many other targets that tend to see momentum weaken after a surge, the market action shows a relatively coherent pattern of increased volume and turnover rhythm. In the past 24 hours, the spot matched trades exceeded 460,000 orders, with trading value surpassing $94 million. The price action and trading activity clearly exhibit signs of a second acceleration.
However, after continuously rising and holding above $310, the market also faces tests from short-term profit-taking and turnover against resistance zones overhead. The key point to watch after the high-volume push is whether the current level of trading heat can convert into stable holding above the critical levels, in order to prevent sharp short-term volatility.
#TAO #Crypto
Compared with many other targets that tend to see momentum weaken after a surge, the market action shows a relatively coherent pattern of increased volume and turnover rhythm. In the past 24 hours, the spot matched trades exceeded 460,000 orders, with trading value surpassing $94 million. The price action and trading activity clearly exhibit signs of a second acceleration.
However, after continuously rising and holding above $310, the market also faces tests from short-term profit-taking and turnover against resistance zones overhead. The key point to watch after the high-volume push is whether the current level of trading heat can convert into stable holding above the critical levels, in order to prevent sharp short-term volatility.
#TAO #Crypto