On the 4-hour timeframe, TAOUSDT is consistently forming higher lows, but the structure still aligns with a bearish trend overall. For a clear breakout confirmation, price needs to surpass the $380 resistance zone.
Currently, both the Stochastic RSI and RSI are in the overbought region, indicating that sellers have started booking profits. This explains the short-term selling pressure.
If the price sustains above the $320 support level, there is potential for a reversal move toward new highs. However, failure to hold this zone could lead to another retest of the critical support near $287.
Traders should wait for confirmation before positioning, as the next direction depends on whether $320 holds or breaks.
