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#TAO# $TAO shows a strong bounce back and is approaching a key resistance level.
The $TAO stock bounced back sharply, rising by +17.23% after dropping from the level of 433.1. This comes after previous strong increases of +25.54% and +18.63%, demonstrating strong bullish momentum as the momentum shifts.
The price is currently testing the critical resistance area between 392 and 400. A clear break above it could push the $TAO stock towards 433.1, and possibly 460.7. However, a lack of stability may lead to a pullback towards the support level between 360 and 340. Momentum favors the buyers, but this area will determine the next move.