$TAO is sitting right on the edge.


$249. Third test of this major support zone.
It held in December. It held in February. Both times it launched hard.
Price is below the EMA200 at $272. That is the first level to reclaim if buyers step in.
Two scenarios from here:
Support holds: range play between $250 and $375 opens up.
Support breaks: $175 is the next stop and the entire March rally gets wiped.
Volume has been heavy on the sell side.
But this zone has not broken yet.
Watch the $225 to $250 band closely.
TAO2.16%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin