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TAOUSD surged sharply as AI tokens followed the NVIDIA wave. It jumped more than 12% today and hits a multi-week high around $434.95 and is currently trading around $420.79.
It holds above the short-term (21 and 55 EMA) and below the long-term moving average in the 4-hour chart.
The bullish invalidation can happen if the pair closes below $215. On the lower side, the near-term support is $380. Any break below the target of $357/$325/$300/$280. Any breach below $215 targets $160.
The pair's near-term resistance is around $450. Any breach above confirms minor bullishness. A jump to $500/$600 is possible. A surge past $600 will take it to $05/$1000.
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It is good to buy on dips around $357-60 with SL around $280 for TP of $500.
