TAC JUMPS 60%! READY FOR CORRECTION?
ANALYSIS:
TAC/USDT is back in the spotlight after soaring 60.40% in 24 hours and briefly touching 0.004333. This rise is supported by a sharply increased volume, while the price managed to move well above MA7, MA25, and MA99. Structurally, the bullish momentum still looks strong.
However, the current price is slightly above the upper Bollinger Band at around 0.00373, while the RSI has already reached 75.2. This suggests that buying momentum is still dominant, but the risk of profit-taking is starting to increase. The latest candle also shows rejection from the high area, so it’s worth watching if selling pressure grows.
The main resistance is at 0.00433, and a breakout of that level with strong volume could open room for the next upward move. On the other hand, the 0.00305–0.00320 area is an initial support zone worth monitoring. If that level fails to hold, the correction may continue toward about 0.00258.
TAC remains bullish, but after a rally of this magnitude, support confirmation is more important than chasing the price at the peak.
$TAC
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
ANALYSIS:
TAC/USDT is back in the spotlight after soaring 60.40% in 24 hours and briefly touching 0.004333. This rise is supported by a sharply increased volume, while the price managed to move well above MA7, MA25, and MA99. Structurally, the bullish momentum still looks strong.
However, the current price is slightly above the upper Bollinger Band at around 0.00373, while the RSI has already reached 75.2. This suggests that buying momentum is still dominant, but the risk of profit-taking is starting to increase. The latest candle also shows rejection from the high area, so it’s worth watching if selling pressure grows.
The main resistance is at 0.00433, and a breakout of that level with strong volume could open room for the next upward move. On the other hand, the 0.00305–0.00320 area is an initial support zone worth monitoring. If that level fails to hold, the correction may continue toward about 0.00258.
TAC remains bullish, but after a rally of this magnitude, support confirmation is more important than chasing the price at the peak.
$TAC
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
