BITENSOR $TAO REBOUNDING FROM LOCAL BOTTOM SUPPORT ARE BULLS TARGETING $308.50 NEXT?
Pair: $TAO /USDT
Direction: LONG
Entry Price: 290.20
Target Levels (Take Profit)
TP 1: 297.10 +2.38%
TP 2: 301.60 +3.93%
TP 3: 308.50 +6.31%
Stop Loss
SL: 281.00
Technical Breakdown
TAO ($290.2) formed a strong V-shaped double-bottom structure after a steep sell-off flushed price action down to $270.00. Recent green candles indicate active buyer defense, pushing price back into the mid-range of the Bollinger Bands (BB 20).
Short-term MA 7 is curving upward underneath price action, crossing back over MA 25. Reclaiming and holding above the dynamic MA 25 resistance around $292.00 opens up a clear run toward the baseline MA 99 (~302.00).
RSI (14) has recovered sharply from oversold territory toward 48.00, confirming building buyer momentum with ample room before overbought levels. The MACD histogram sell volume has completely exhausted, with signal lines executing a fresh bullish crossover in negative territory, signaling an emerging recovery wave.
$TAO
Pair: $TAO /USDT
Direction: LONG
Entry Price: 290.20
Target Levels (Take Profit)
TP 1: 297.10 +2.38%
TP 2: 301.60 +3.93%
TP 3: 308.50 +6.31%
Stop Loss
SL: 281.00
Technical Breakdown
TAO ($290.2) formed a strong V-shaped double-bottom structure after a steep sell-off flushed price action down to $270.00. Recent green candles indicate active buyer defense, pushing price back into the mid-range of the Bollinger Bands (BB 20).
Short-term MA 7 is curving upward underneath price action, crossing back over MA 25. Reclaiming and holding above the dynamic MA 25 resistance around $292.00 opens up a clear run toward the baseline MA 99 (~302.00).
RSI (14) has recovered sharply from oversold territory toward 48.00, confirming building buyer momentum with ample room before overbought levels. The MACD histogram sell volume has completely exhausted, with signal lines executing a fresh bullish crossover in negative territory, signaling an emerging recovery wave.
$TAO
