Recently, TAO's performance has been worth paying attention to. The 30-minute trading volume showed a significant anomaly, with a month-over-month increase of 76.7%. Such a sharp increase in trading volume is often a precursor to a market rally.
The current quote is fluctuating around 264.8 USDT. Technical analysis indicates that the key support level on the 1-hour chart is at 261.18, only 0.58% away from the current price. From a trading perspective, this support level is worth close attention.
If you want to participate, you might consider placing a buy order around 261.18, with resistance set at 267.82. This range is relatively reasonable as a short-term profit target. With such a large increase in volume, the market may soon show some movement. It is recommended to closely monitor TAO's trend developments.
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FlatTax
· 16h ago
Here comes the same old trick to harvest retail investors again. 76.7% trading volume increased? I scoff at that—what use is such a signal?
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gm_or_ngmi
· 16h ago
76.7% trading volume surge, huh... This time we're going to get chopped again.
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liquidation_watcher
· 16h ago
Tao's recent trading volume is quite fierce. Should I get in around 261? Honestly, I'm a bit afraid it might drop... But a 76.7% increase is hard to resist; I want to give it a try.
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BearMarketMonk
· 16h ago
Is the increase in trading volume about to start? I see this more as funds testing the bottom. Once the support level at 261.18 is broken, there are new lows waiting ahead.
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zkNoob
· 16h ago
Trading volume surges by 76%? Is this really the start of a rise or just another trick to make me sell at a loss...
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That support level at 261 definitely needs to be watched, but I’m more interested in whether this wave of volume can really sustain.
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It's always "about to show some performance," every day it's about to happen. When will there really be a surge?
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TAO has been fluctuating around this price level for a long time. The sudden increase in volume seems a bit suspicious...
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Targeting 267.82 might be too conservative. Should I try to push for 270?
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I think this move looks more like the main force is shaking out weak hands. Don’t be fooled by the trading volume.
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I’ve already placed an order at 261.18, just waiting to see if it will really trigger.
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MetaverseLandlord
· 16h ago
The trading volume is so strong, it feels like it's about to take off... Let's wait around 261.18, but this move also feels a bit fake.
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SorryRugPulled
· 16h ago
An increase of 76.7%... Using the same trick again? Every time they say they will start, but in the end, it's just another prelude to a leek-cutting scheme.
Recently, TAO's performance has been worth paying attention to. The 30-minute trading volume showed a significant anomaly, with a month-over-month increase of 76.7%. Such a sharp increase in trading volume is often a precursor to a market rally.
The current quote is fluctuating around 264.8 USDT. Technical analysis indicates that the key support level on the 1-hour chart is at 261.18, only 0.58% away from the current price. From a trading perspective, this support level is worth close attention.
If you want to participate, you might consider placing a buy order around 261.18, with resistance set at 267.82. This range is relatively reasonable as a short-term profit target. With such a large increase in volume, the market may soon show some movement. It is recommended to closely monitor TAO's trend developments.