$TAO

Currently, TAO is trading at 546.6 USDT, up 16.10% from the past 24 hours. In the past 24 hours, TAO's price fluctuated widely, reaching a high of 582.7 USDT, while the lowest dropped to 447.0 USDT.

In terms of trading volume, the total trading volume of TAO was 281,813.56, while the corresponding USDT trading volume was 145.16 million USD, showing the market's active trading interest in the token.

In terms of technical analysis, TAO's price is currently slightly below its short-term moving averages (MA7 is 551.2 USDT, MA25 is 553.7 USDT), which may indicate the risk of a downtrend in the short term. However, the long-term moving average MA99 is currently at 488.0 USDT, providing solid support for the price and limiting the potential downside.

Recently, the price of TAO experienced a rapid rise to a high of 582.7 USDT, followed by a certain degree of correction. It is worth noting that the level of 499.1 USDT, which was originally a resistance level, has now turned into a support level. If it can be effectively maintained above this level, the price is expected to rebound again.

Observing the changes in trading volume, we can find that during the price surge, the buying volume increased significantly, but after entering the consolidation phase, the buying volume decreased, which reflects that market participants have some hesitation and disagreement on the current price.

From the performance of a longer time span, TAO has risen by 71.46% in the past 7 days, 56.08% in 30 days, and as high as 98.84% in 90 days, showing its strong growth momentum.

Finally, in order to more accurately judge the future trend of TAO, investors may need to pay attention to key technical indicators such as MACD to further understand whether the current trend will continue to rise or there may be a trend breakthrough.