drive momentum higher, potentially retesting yearly highs
TAO experienced the most significant intraday surge, climbing 14.5%, and has risen over 55% this week. The momentum over the past 72 hours pushed its price beyond the 200-day EMA band and the $358.58 resistance level, marking a change of character (ChoCh).
This breakout has flipped the trend, and if the price action sustains above this level, it could drive momentum higher, potentially retesting yearly highs.
The long-term targets are now set at $533 and $683. However, if the price fails to maintain above the ChoCh level and falls back, the optimism could fade, leading to an uncertain outlook.
This breakout has flipped the trend, and if the price action sustains above this level, it could drive momentum higher, potentially retesting yearly highs.
The long-term targets are now set at $533 and $683. However, if the price fails to maintain above the ChoCh level and falls back, the optimism could fade, leading to an uncertain outlook.
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