The post TAO Technical Analysis Mar 23 appeared on BitcoinEthereumNews.com.

TAO is maintaining its short-term uptrend structure at the $264.90 level, approaching the $269 resistance but carrying liquidity hunt risk under BTC pressure. Critical supports at $261 and $246 regions expect buyer abundance, while in case of breakdown, $226 could be the main buffer. Current Price Position and Critical Levels TAO is currently trading at $264.90 and is positioned within the overall uptrend structure, but squeezed in the $261.10-$283.30 range with a 24-hour 3.57% decline. Despite being in a bullish short-term position above EMA20 ($242.07), Supertrend is giving a bearish signal and RSI at 65.14 is not approaching the overbought region. In multi-timeframe (MTF) analysis, a total of 11 strong levels were identified across 1D, 3D, and 1W timeframes: 3 supports/3 resistances on 1D, 2S/2R on 3D, 3S/2R confluence on 1W. These levels are reinforced by order blocks, liquidity pools, and past rejection points, and holding above the $261.82 short-term support is critical for the uptrend to continue. Volume is at a moderate $489.46M, but spikes are expected during resistance tests. In the broader structure, price is above weekly pivots but approaching monthly supply zones ($291+), where rejection could trigger a short-term correction. Support Levels: Buyer Pools Primary Support $261.8167 (score: 70/100) stands out as the primary support just below the current price. This level is supported by a strong demand zone and order block confluence on the 1D timeframe – the 24-hour low ($261.10) was tested exactly here and showed wick rejection. Historically, it has bounced strongly 3 times with high volume confirming buyer entry. MTF confluence: overlaps with 3D swing low and 1W EMA50 (around $260). If this region breaks, the uptrend becomes invalid and liquidity sweep accelerates downward. Secondary Support and Stop Levels $246.5004 (score: 76/100), secondary main support – represents a major liquidity pool and past…

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Filed under: News - @ March 23, 2026 1:15 am