Bittensor (TAO) (TAO/USDT) – 4H Technical Analysis
$TAO is currently trading around $191 after a strong bullish rebound from the $142.8 swing low. The 4H chart shows a clear V-shaped recovery with aggressive buying volume, indicating short-term momentum shift. Price is now consolidating below the $205–208 resistance zone (near recent 24H high $208.8). If bulls break and close above $208 on strong volume, the next upside targets are $220 and $245. Momentum indicators suggest short-term strength, but price is approaching a key supply area where profit-taking may appear.
On the downside, immediate support sits at $182–185. A breakdown below this zone could trigger a pullback toward $170, while major structural support remains at $142–150. As long as $TAO holds above $170, the bullish recovery structure remains valid. Smart traders will watch for either a breakout above $208 for continuation or a healthy retest of $182 for re-entry opportunities. Volatility is expanding — risk management is essential.
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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