TAO is currently caught in a tight squeeze—support hovering around the 8-day EMA while resistance sits firmly at the 0.702 log Fibonacci level. The setup looks key for the next directional move.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
3
Repost
Share
Comment
0/400
DegenMcsleepless
· 9h ago
Whether it's squeezed or not, the key still depends on whether it can break through that Fibonacci level.
View OriginalReply0
Frontrunner
· 9h ago
I find this TAO squeeze a bit uncomfortable; it seems like a breakdown is only a matter of time...
View OriginalReply0
PositionPhobia
· 9h ago
Tao's card position is here. If the 8-day moving average can't hold, it's time to watch the show.
TAO is currently caught in a tight squeeze—support hovering around the 8-day EMA while resistance sits firmly at the 0.702 log Fibonacci level. The setup looks key for the next directional move.