$TAO Bounces Off Previous Support Is a 17% Rally on the Table?

$TAO 4H Chart Recovery Begins After Sharp Pullback....

$TAO has seen multiple sharp moves in recent weeks, including rallies of 25%, 18%, and 16% from key zones. After peaking near $460.7, the price entered a downtrend, recently finding support around the $340–$345 zone — a previous structure breakout area.

Currently trading at $348.6, TAO is attempting a 16.78% bounce, with the next resistance cluster sitting between $380–$390. A successful breakout above that could open the door toward the $400+ range.

Key Levels to Watch:

Support: $340–$345 (previous breakout zone)

Resistance: $380 (short-term), $433–$445 (major)

Recovery Target: $405 (near-term resistance if bounce continues)

Conclusion:

TAO is trying to reclaim momentum after testing prior support. If bulls maintain pressure above $360, this bounce could stretch toward $390+. However, failure to hold $340 may lead to deeper losses. Keep an eye on volume and candle strength near resistance.