Bittenser narxiTAO

$TAO easy long and buy the dip on $TAO

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$TAO Technical Outlook: * Bearish Trend: $TAO is currently trading below its 50-day and 200-day Simple Moving Averages ($239.08 and $321.84, respectively), which suggests a weak short-term trend. Support Zones: Analysts are keeping a close eye on the $140 – $160 range. If it holds, a bounce back toward $180 or $200 is possible; if it breaks, it could test lower levels. RSI: The Relative Strength Index (RSI) is hovering around 20–30, indicating that the asset is in oversold territory. This often precedes a potential relief bounce.

*$TAO * *Market Analysis* $TAO is still trading inside a clear descending channel, and the last bounce got sold right back into the range. Right now it’s grinding sideways under the channel’s upper trendline, which keeps the bias heavy. As long as TAO holds the 160–165 area, we can still see a short relief push toward 175–185 (channel resistance). But if 160–165 breaks, the next downside magnet sits around 150, and a deeper sweep toward the prior wick low becomes realistic.