TAO recently experienced a significant trading anomaly, with trading volume soaring by 54.8% within 30 minutes. The current price stands at 222.69 USDT. From a technical perspective, the 222.11 level forms a key support, only 0.76% away from the current price, while the broader support zone is between 220.58 and 222.11.
This sharp increase in trading volume usually indicates active positioning by major funds, and the market may soon show some movement. If you are following this trend, you might consider placing a buy order near 222.11, with the resistance target set at 231.31. Of course, the change in volume needs to be monitored continuously, and TAO's short-term trend is worth close attention.
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WenMoon
· 6h ago
TAO's recent trading volume is quite intense, what is the main force up to?
The main force is again aggressively positioning, it feels like a breakout is imminent.
The support level at 222.11 is indeed crucial, feels stable.
Wait, this 54.8% volume spike is too outrageous...
Could it be another trap to lure in buyers? I'll observe for now.
The target at 231.31 seems a bit far, feels uncertain.
Just waiting to watch the show, this market movement is interesting.
Those who bought near 222 should have made a lot of profit.
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JustAnotherWallet
· 6h ago
The main force is starting to cause trouble again. Can this wave of TAO break 231? I'm a bit tempted.
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TokenAlchemist
· 6h ago
lol that volume spike screams MEV extraction play, not retail fomo
TAO recently experienced a significant trading anomaly, with trading volume soaring by 54.8% within 30 minutes. The current price stands at 222.69 USDT. From a technical perspective, the 222.11 level forms a key support, only 0.76% away from the current price, while the broader support zone is between 220.58 and 222.11.
This sharp increase in trading volume usually indicates active positioning by major funds, and the market may soon show some movement. If you are following this trend, you might consider placing a buy order near 222.11, with the resistance target set at 231.31. Of course, the change in volume needs to be monitored continuously, and TAO's short-term trend is worth close attention.