TAO is sitting on a major long-term support level and this isn’t the first time.
If we look at the last three times we touched this support, we bounced strongly.
We may see some drop to form a wick below the support, just as we’ve seen in the last three instances. However, in each case, we eventually held that level and bounced from it.
RSI is near oversold, and the price extended into support.
Let’s see how the price responds from here.
DYOR, NFA
#TAO
✅ Trade here on $TAO
TAOUSDT
Perp
151.46
+3.34%