- The trading volume has advanced by 162% in the past 24 hours.
- RSI and MACD have shown a golden crossover, which indicates a bullish forecast.
According to the chart structure, the TAI price has risen by generating higher highs and higher lows since the beginning of May. In mid-June, the Tars AI price failed to develop a new higher low swing and dropped to a crucial level of $0.100
A few days ago, the digital asset price took support at the crucial level of $0.100 and witnessed an unexpected surge of more than 100%. The TAI price has extended almost to the last swing high, but sellers are showing interest. In the past few hours, the price has lost around 10%.
Turning to the technical indicators, the TARS AI price is trading over the key moving average at the time of writing. The RSI has generated a bullish crossover with the RSI-based moving average. MACD has intersected the Signal line positively, indicating a bullish forecast.
Technical Analysis of TAI Crypto Price Over Daily Timeframe
When writing, the TARS AI price traded at $0.183, with a violent fall of 14.09% in the past 24 hours. The market capitalization is $22.84 Million, and the 24-hour trading volume is $1.38 Million. The fully diluted market cap is $183.78 Million, and the circulating supply is 124,015,682 TAI.
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The digital asset price has surpassed the 20-day EMA and is showing weakness. If the price falls to the 20-day EMA and takes support, it may cover the recent losses. During this fall, the small players might face fear, but big plates may initiate long positions over the 20-day EMA, leading to a bullish trend.
Instead, the price below the 20-day EMA would be a bearish sign and may invite sellers. Assuming the TAI crypto price starts trading below the crucial level of $0.100, sellers might become confident and dominate further.
TAI Gaining Too Much Traction
$TAI new AI project on #Solana, not even 2 months old, just 20m market cap.
Got my self a bag few days ago, lets see what happens with it$SOL pic.twitter.com/WQwxyubF3p
— Crypto_Dan (@crypto_dan_cro) June 27, 2024
According to a source on X, the $TAI is a new project on #Solana, which has increased to the $20 Million market cap in less than 2 months. The user had bagged $TAI himself and was expecting a good return. The massive rise in trading volume may attract investors, but the price may remain bullish for a long time.
Buyers Ready to Push the TAI Price Again?
It seems that TAI cryptocurrency has experienced a significant surge in price, with a notable increase in trading volume. Technical indicators such as RSI and MACD are signaling a bullish trend.
While the trend is bullish, the price failed to generate a higher low swing and showed bearishness for the short term. However, there was a recent pullback in the price, highlighting some volatility in the market.
It’s essential to closely monitor the price action, especially to the 20-day EMA, to gauge potential future movements.
Technical Levels
The chart structure suggests that the TARS AI price may face resistance from $0.240 and an imaginary resistance level of $0.300. The price is expected to take support at the $0.100 and $0.0700 mark.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
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