The TAO/USDT chart shows a current price of 198.0 with a 24-hour gain of +25.95%. Here’s a concise technical analysis for the next three days based on the visible data:
1. Price Action: The token has bounced strongly after hitting a low of 155.5, reaching a 24h high of 208.8. The recent bullish candlesticks suggest short‑term momentum is positive.
2. Bollinger Bands (BOLL):
- Upper band (UP): 245.5
- Middle band (MB): 188.6
- Lower band (DN): 131.6
The price is above the middle band but below the upper band, indicating potential for consolidation or a pull‑back if it fails to break 245.5.
3. Moving Averages:
- MA(5): 130.6 (price is well above, showing bullish short‑term trend).
- MA(10): 160.3 (price is also above, supporting upward momentum).
4. Volume: 24h volume is high (53.89M USDT), confirming strong interest and supporting the recent price surge.
5. Forecast for next 3 days:
- Day 1: Expect the price to test the upper Bollinger band (~245.5). If it breaks, a run toward 250–260 is possible.
- Day 2: Watch for consolidation or a slight correction if profit‑taking occurs, with support near 188.6 (middle BOLL).
- Day 3: If momentum stays positive, the token could maintain gains above 200; otherwise, a dip to 180 may be seen if selling pressure increases.
Action tips
- Bullish scenario: Hold or buy on dips above 188.6, targeting 245–260.
- Bearish scenario: Watch for a break below 188.6, which may trigger a short‑term decline.
