TAO Technical Analysis in 2-Day Timeframe

14 AguHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

TAO is in a downtrend and is holding support at $218. It is currently facing resistance at $321.87, and given the current market scenario, TAO is likely to undergo some correction, followed by a rebound.

The resistance is quite strong for TAO, but if it manages to close above this level, a bullish move is likely.

Key levels:

- Support: $218 to $250
- Resistance: $302 to $321
- Target: $500-$700
- Invalidation: A close below the support level.

DYOR, NFA.

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