$TAO *TAO: Bullish Technicals with Squeeze Potential 😬*
TAO pulled back 3.2% to $196.30, with MACD bullish and EMA-7 above EMA-25 showing uptrend strength. Key points:
- Smart money buying: $708K large-buy inflow and rising whale longs at $202.83 signal accumulation
- Short squeeze risk: 71% surge in whale longs; breakout above $218.50 could trigger squeeze
- Macro volatility: Trump announcement and U.S. shutdown fears add speculative pressure
*Key Levels:*
- Support: $153.28, $197
- Resistance: $208.94, $218.50
*Trading Strategy:*
- Short-term: Watch $218.50 breakout for squeeze confirmation; current dip offers entry at whale accumulation zone ($202-204)
- Mid-term: Hold with stop at $197; target $218.50 (squeeze) then $225-230 if shorts unwind
- Long-term: Strong fundamentals and smart money inflow support higher highs [1][2]
Follow-up questions:
- What's driving the Trump announcement and U.S. shutdown fears?
- How does TAO's market dynamics compare to other cryptocurrencies?
- Are there upcoming events or announcements that could affect TAO's price?
