📈 Quick View: Bullish Momentum
$TAO is currently showing strong bullish momentum across several timeframes. The price has recently broken above all key moving averages, which is a very positive sign for buyers. The last 24 hours saw a significant increase of nearly 6%, reaching a high of $224.6.
Current Price: $223.0
Trend: Upward (Bullish)
💡 What the Indicators Say
Moving Averages (EMAs): The current price ($223.0) is trading above the 7-day, 25-day, and 99-day EMAs. This "stacking" of the moving averages in ascending order ($220.9 > $220.1 > $217.0) confirms a strong uptrend is in place.
RSI (Relative Strength Index): The RSI(6) is at 72.7. This is in the "overbought" zone (above 70). While it shows massive buying interest, it also means the price might consolidate or pull back slightly in the very short term before moving higher.
Volume: Volume is healthy and picking up, supporting the recent price move.
🎯 Potential Scenario & Next Steps
The current trend is strong. We might see a slight pause or consolidation around this $223-$224 range due to the high RSI reading.
Key Support Level: The recent EMA(7) at $220.9 should act as strong immediate support.
Next Resistance Target: The next potential target for buyers is likely around the $230-$235 area if the momentum continues past the 24h high of $224.6.
💚 Signal Only Spot • Smart Target
❌ No future trade >> haram + high risky
⚠️ Disclaimer:
• Not financial advice👀
• Do your own analysis🧠
• Signals not guaranteed❌
• Risk what you can afford🥶
• Profit & loss both possible🤷
• Spot only (Halal) — No futures.
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