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TAO recently experienced abnormal fluctuations in trading volume, with the 30-minute candlestick trading volume surging over 280%. Such a sharp increase in volume often indicates that a new market trend is about to emerge.
From a price perspective, TAO is currently trading around 278.59 USDT. Technically, the 1-hour chart shows that the key support level is at 279.13, which is just above the current price. The support zone is distributed within the range of 275.02 to 279.13. This means the price is approaching an important technical support; if this level holds, there is a good chance of a rebound.
From a trading standpoint, you can consider placing long positions around 279.13, waiting for a rebound opportunity. The resistance level above is at 284.82, which can serve as the initial take-profit target. Abnormal volume movements are often a precursor to market trends, and this current sign warrants close attention to TAO's subsequent performance.