$TAO Setting Up for a Move? 🧠
Checking the $TAO 4h chart and it looks like we’re at a bit of a crossroads. After a nice little recovery from the $213 lows, we're currently sitting at $223.3, trying to find our footing.
The Quick Breakdown:
Holding the Line: We’re actually holding above the 7 and 25 EMAs ($223.2 and $221.7), which is a good sign for the bulls.
It shows there’s some buying interest keeping the price afloat.
The Resistance: That big purple line (the 99 EMA) way up at $238.6 is the main boss we need to beat to really start trending up again. Until then, expect some chop.
Volume & Momentum: Volume is looking pretty steady, and the Stoch RSI is cooling off from the overbought zone.
This might mean we consolidate here for a bit before the next leg up.
Final Thoughts:
As long as we stay above $220, I’m feeling okay about this. A break above $228 would be the first real signal that we’re ready to run toward that $240 level.
Are you guys bullish on AI coins right now, or are you waiting for lower entries? Drop a comment!