TAO/USDT (15m) Technical View



$TAO #IranDeploysMinesInStraitOfHormuz

Price is currently around $195.5, showing short-term weakness after rejection near $198.

Key Observations:

A strong bearish engulfing candle appeared after the push to $198, indicating profit-taking and possible short-term correction.

Price dropped below MA5, MA10, and MA30, suggesting momentum has shifted slightly bearish in the short term.

MACD is flattening and starting to turn down, confirming weakening bullish momentum.

Support & Resistance:

Resistance: $197.5 – $198

Support: $194.5 – $194.0

Scenario:

If price holds above $194, a bounce toward $197–$198 is possible.

If $194 breaks, TAO could drop toward $192–$190.

Bias: Short-term neutral to bearish, unless price reclaims $197 with volume. 📉
TAO1,16%
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ALeafOfWarmBreezevip
· 1h ago
From the weekly and monthly charts, it's starting to rise.
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