$TAO is trading $244.9 and it's up 28.42% on the month, most of that gain built while it was beating bitcoin by 3.8 points over the same stretch.
that's the part worth your attention. this isn't a coin drifting up because everything's drifting up. over the last week $TAO added 6.52% and put 4.8 points on bitcoin, and the last five days of volume ran 1.60x the twenty days before them. buyers are actually showing up for this one.
daily RSI sits at 65, strong without being cooked, and the MACD histogram is still positive. the one knock is Bollinger %B at 0.89, so price is riding the top of its range. plenty of people read that as stretched and sit on their hands. i read it as a move that isn't tired yet.
right now $TAO is $244.9. if it keeps holding $239.3, the 24h low, i think it grinds toward the 10-day swing high at $261.3, roughly 6.7% up from here. if it loses $232.8, yesterday's low, i'm wrong on this and there's nothing to defend, and anyone long from up here is watching that 30-day trend snap under them.
holding $239.3 or losing $232.8?
that's the part worth your attention. this isn't a coin drifting up because everything's drifting up. over the last week $TAO added 6.52% and put 4.8 points on bitcoin, and the last five days of volume ran 1.60x the twenty days before them. buyers are actually showing up for this one.
daily RSI sits at 65, strong without being cooked, and the MACD histogram is still positive. the one knock is Bollinger %B at 0.89, so price is riding the top of its range. plenty of people read that as stretched and sit on their hands. i read it as a move that isn't tired yet.
right now $TAO is $244.9. if it keeps holding $239.3, the 24h low, i think it grinds toward the 10-day swing high at $261.3, roughly 6.7% up from here. if it loses $232.8, yesterday's low, i'm wrong on this and there's nothing to defend, and anyone long from up here is watching that 30-day trend snap under them.
holding $239.3 or losing $232.8?
