$TAO #TAO Analysis: Key Highlights

📊 Current Status:
$TAO is trading at $377.82, showing weakness after failing to break resistance near $412.57. The price is currently sitting near local support at $368.40-$384.44, which previously acted as a demand zone.

📈 Key Levels:
Resistance: $384.44 (short-term), $412.57 (major resistance).

Support: $368.40, $350.00 (psychological level).

📉 Indicators:
RSI at 47, indicating neutral to slightly bearish momentum. MACD is turning bearish, suggesting weakening buying pressure. Volume remains low, reducing the probability of an immediate breakout.

⚠️ Trend Outlook:
TAO must hold above $368.40 to avoid deeper correction. If this level breaks, price could trend lower toward $350.00. On the upside, a reclaim of $384.44 could trigger a retest of $412.57 resistance.

💡 Recommendation:
Monitor $368.40 for bullish confirmation before longing. Otherwise, a breakdown could present a short opportunity targeting $350.00. If price reclaims $384.44, a retest of $412.57 becomes likely. 🚨