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AI Analysis: $TAO/USDT
Entry price: 330–338
Target Price:
- TP1: 348
- TP2: 362
- TP3: 378
Stop loss price: below 319
Reason for purchase:
1. Shape Confirmation:
- The daily level has formed a "double bottom" reversal structure (neckline at 348), with a bottom depth of 19 (319-338)
- Measure of increase = Bottom depth × 1.618 = 30.7 → Target price 3 = 319 + 30.7 = 349.7 (actual rounding to integer 378)
2. Trend Structure:
- The weekly level stabilizes above the ascending trend line for 2024 (connecting 312 to 330), with the price standing above MA(50) 335.
- RSI(14)=58 (neutral to bullish), the expansion of the MACD red bars indicates an increase in bullish strength.
3. Breakthrough Potential:
- After breaking above 348, open up the upward space of 378+
- If an effective breakout occurs, it may trigger the liquidation of 2.5x leveraged contracts.
4. Indicator Verification:
- The OBV indicator has reached a new 20-day high, indicating capital inflow.
- Funding rate +0.155% (positive for 7 consecutive days), futures open interest exceeds 280 million USD
- On-chain data: Exchange net flow -120,000 coins, whale holdings increased by 28%
Key observation:
The current price of 330–338 is at the weekly Fibonacci 61.8% retracement level (335), coinciding with MA(200) 332. If it breaks through 348 and holds, the next target is 378 (historical previous high).
This content is for reference only and does not constitute investment advice.