$TAO TAO Double Bottom Forming ๐Ÿง ๐Ÿ“‰โžก๏ธ๐Ÿ“ˆ | Bullish Reversal Setup in Play ๐Ÿ”ฅ๐Ÿš€

๐Ÿงฌ TAO is showing signs of strength โ€” and the chart just flashed a classic double bottom pattern ๐Ÿ”๐Ÿ“Š. This formation often precedes trend reversals and right now, bulls are pushing back hard after testing key demand zones twice ๐Ÿ›ก๏ธ๐Ÿ“‰.

๐Ÿ“‰ Price dipped to a previous low โ€” but instead of breaking down, it bounced aggressively โšก๐ŸŸข. That second bounce confirmed the double bottom, and now eyes are on the neckline breakout ๐Ÿšง๐Ÿ“ˆ. This could be the ignition point for a serious move upward ๐Ÿš€๐Ÿ”ฅ.

๐Ÿ“Š Technicals are leaning bullish:

RSI is rising from oversold zones ๐ŸŽฏ๐Ÿ“ˆ

MACD shows a bullish crossover just as the pattern forms ๐Ÿ”„โšก

Volume spikes are supporting the bounce โ€” not just a dead cat move ๐Ÿˆโ€โฌ›๐Ÿ’ฅ

๐Ÿง  On-chain metrics back the move too. Whale addresses are showing signs of early accumulation ๐Ÿ‹๐Ÿ“ฆ, and exchange balances are falling, indicating tokens are moving into cold storage ๐Ÿ”๐Ÿ‘› โ€” a clear sign of strong conviction.

๐Ÿ—ฃ๏ธ Social sentiment is starting to shift โ€” TAO chatter is picking up, especially around this double bottom breakout potential ๐Ÿ”ฅ๐Ÿ“ข. Speculators are calling for a possible trend reversal, and the community is waking up ๐Ÿ˜ดโžก๏ธโšก.

โš–๏ธ Still, market uncertainty isnโ€™t gone. Rejection at neckline resistance could lead to another consolidation phase. Donโ€™t ape in blindly โ€” manage risk and watch for breakout confirmation ๐Ÿ”๐Ÿง .

If momentum holds, this double bottom could be the launchpad for TAOโ€™s next leg up. Itโ€™s a chart to watch closely. Buckle up! ๐Ÿง ๐Ÿš€๐Ÿ“Š

โš ๏ธ Not financial advice โ€” always DYOR ๐Ÿง ๐Ÿ“š