TAO token, currently holding a market capitalization of $3.28 billion, has seen a decline and has now entered a crucial support area that may influence its future trajectory.
Current Market Situation of TAO
The TAO token is currently consolidating between $330 and $335 after a steady decline throughout August. Market strategist Michaël van de Poppe noted that the current levels could be interesting for potential accumulation.
Technical Indicators Analysis
Technical charts suggest that if the $330 level holds, a rebound towards the $370–$400 range might follow. However, a breakdown could open the door for a retest of deeper support around $275. Indicators show mixed signals: the 30-minute RSI hovers near 47, indicating neutrality, while the MACD lines are flattening after bearish momentum earlier this month.
Future Prospects of TAO Token
With critical attention on the $330 level, market participants are closely watching whether buyers can defend this support zone or if a deeper correction to $275 is in store. The upcoming days could prove decisive for the token’s short-term trajectory.
The current situation with TAO token is under close scrutiny, and the coming days may be pivotal in determining its future dynamics.
