🚀 Watching the whales on TAO — Is the tightrope about to snap?
TAO (Bittensor) is currently moving like a coiled spring — price action is tight, volumes are rising, and whales are quietly building their positions. The current price is around $370–371, and the chart hints that the calm may not last long.
📊 Candle Story — What does the chart tell us?
In recent sessions, TAO has drawn higher lows while struggling to break through a stubborn resistance area near $385–390. This pattern is a classic symmetrical triangle — a clear signal that the big players are in accumulation mode before a decisive move.
Every dip towards $350–360 leaves behind long lower wicks — evidence of strong buyer intervention at these levels. Conversely, every attempt to surpass $385 faces immediate sell-offs, clearly defining our required breakout line.
🐋 Whale Prints
It's not just about the candles — On-chain data shows that the TAO Synergies wallet has accumulated over 42,000 TAO coins, becoming the largest public holder of the currency. This confidence from a major player is no coincidence — they are gearing up for something big.
🎯 Trading Plan — Riding the Breakout Wave
Bullish Scenario (Main Plan)
Entry 1: Gradual buying near support of $355–360.
Entry 2: Strengthen the position upon breaking $390 with strong trading volume.
Stop Loss: Below $345 (for buying at support) or below $380 (for buying after the breakout).
Targets:
TP1: $410–420
TP2: $500+ if momentum explodes.
Alternative Plan (Bearish Scenario)
In case of a strong break below $355 with volume:
Selling towards $320
Stop Loss above $370
📌 Summary
TAO is coiling within a symmetrical triangle, whales are accumulating, and volumes are quietly rising. Whether you're a breakout hunter or a support buyer, the upcoming sessions could determine the next move by over $100.
