$TAO Rebounds from Former Base Is a 17% Upswing on the Horizon?
$TAO 4H Chart shows signs of stabilization after a steep correction...
The asset has recently experienced multiple notable surges 25%, 18%, and 16% from pivotal demand zones. After topping out around $460.7, TAO entered a pullback phase and is now reacting to the $340ā$345 region an earlier breakout structure.
Currently priced at $338.6, TAO is eyeing a potential 16.78% recovery, with immediate friction expected between $380ā$390. If bulls manage to clear that range, price could revisit the $400+ territory.
š Levels in Focus:
Demand Area: $340ā$345 (prior breakout point)
Supply Zones: $380 (initial hurdle), $433ā$445 (major resistance)
Short-Term Objective: $405 (if recovery plays out)
š Summary:
TAO is attempting to regain upward traction after retesting an important support level. Sustained strength above $360 may fuel a move toward $390+. But slipping below $340 could invite further downside. Watch how volume and candle setups evolve near resistance.