“Hey crypto fam, TAO is bouncing hard after recent pressure 👀 let’s break it down simply”
🔥 Momentum Rebuilding
Momentum: Recovery phase active
1️⃣ Market Context:
TAO gained nearly 19% as buyers stepped in after recent weakness 📈. Broader market optimism is helping Layer 1 tokens recover.
2️⃣ Technical View:
Price trading around $185
Immediate support: $172–$165
Stronger demand zone: $152–$150
Resistance zone: $200–$210
RSI(6) ~61 shows balanced momentum — not overheated.
3️⃣ Trading Idea:
This looks like a recovery bounce 🔄.
Holding above $172 keeps short-term bullish structure intact.
Break above $200 may open room toward $220+.
Failure to hold $170 could trigger retest of $155 zone.
Pro Tip:
After sharp drops, relief rallies can extend if higher lows continue forming 🧠#tradetime #TradingCommunity #TrendingTopic." #Earn10USDT #BinanceSquareTalks
Follow me - @Goat_No1_Trader