🚀 $TAO BULLISH REVERSAL LOADING BOUNCE INCOMING 🔥
Current Price: 231.04 (+0.25%)
Entry: 229.00 – 231.50
Stop Loss: 225.00
🎯 Targets
Target 1: 236.00
Target 2: 239.00
Target 3: 242.00
Target 4: 246.00
Target 5: 250.00
Target 6: 255.00
Target 7: 260.00
Why This Is Bullish
TAO is showing clear signs of a reversal after dropping from 241.99 to 227.82. RSI(6) at 55.19 is neutral and turning up this is the perfect setup for a bounce. The selling pressure is exhausted and buyers are stepping back in.
MACD is about to turn bullish DIF at -1.46 is crossing up toward DEA at -1.35, with MACD histogram at -0.11 and shrinking. A bullish crossover is imminent. Once DIF crosses above DEA, expect acceleration to the upside.
Volume is low current volume at 489 TAO is below both MAs, but this is typical at the bottom of a move. Low volume on a pullback = sellers are gone. Once buyers step in, the bounce will be sharp. 24h volume is strong at 572K TAO with 134M USDT.
Price is holding above the 24h low of 227.82 and forming higher lows. The rejection from 227.82 is strong this is a double bottom forming. A break above 232.50 would confirm the reversal. Bittensor's AI narrative remains strong.