TAO/USDT Analysis: Strong Uptrend with Increasing Overbought Pressure

Bittensor $TAO is traded at 313.8 USDT, up +2.35%, continuing its bullish structure but showing early signs of overheating after a prolonged upward movement.
Market Structure
Price remains in a strong uptrend, consistently forming higher highs and higher lows. However, momentum is beginning to slow near the main resistance zone.
Key Levels
Resistance: 325 – 340
Support: 300 – 285
A break above 340 could extend the rally toward 360–380, while a loss of 300 could trigger a deeper correction toward 275.
Indicators
RSI approaches overbought territory, indicating short-term exhaustion risk.
MACD remains positive but the histogram strength is slightly fading.
EMA structure remains very bullish, with price above all major averages.
Market Interpretation
Volume supports the uptrend, but continuation depends on whether buyers can maintain momentum above resistance. A short-term cooling phase is likely to occur within the broader bullish trend.
$TAO ‌ ‌
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