🚨 $TAO Breaks Down! Is $225 the Next Stop?
📉 Triangle Breakdown Alert
$TAO slipped below its symmetrical triangle after failing a retest near $320–$330. Sellers are in charge, and the token is now testing $300 support. Momentum clearly favors the bears.
🟢 Possible Buy Zone Ahead
If the slide continues, $250–$225 could be a sweet spot for dip-buyers. This area previously acted as a strong base, so some relief may be on the horizon but patience is key.
⚠️ Indicators Speak
Stochastic RSI is oversold (<20), hinting at a short-term bounce. MACD remains firmly bearish, confirming sellers still dominate. It’s a tug-of-war between exhaustion and downward pressure.
📊 Key Resistance to Watch
$330–$340 remains a tough ceiling. $TAO has to clear this to shift sentiment back to bulls. Until then, expect consolidation or further downside.
💬 Bottom Line
TAO is in correction mode, oversold but not out of danger. Traders should wait for confirmation before jumping in. Short-term relief might come, but the bears aren’t done yet.
What do you think about $TAO’s next move?
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