$TAO at Make-or-Break Zone — Will Buyers Reclaim $390 or Bears Extend Control?
Current Price: $386.7 (+2.90%)
24H Range: $375.0 – $402.4
Market Overview
TAO is currently trading below the $390 resistance after a pullback from the $402 level. The coin has shown short-term volatility with notable trading volume increases, indicating an active battle between buyers and sellers around the mid-$380s zone. The price action suggests a potential setup for the next significant move either a recovery toward $400 or a deeper dip if support breaks.
Key Levels to Watch
Resistance:
• $390 – Immediate resistance; reclaiming it could shift short-term sentiment bullish.
• $402 – Breakout level; a close above this may fuel momentum toward $410–$415.
Support:
• $385 – First line of defense for bulls.
• $375 – Major support; losing this could open the door for a drop to $365.
Trade Setup – Watching for Confirmation
Bullish Scenario:
If TAO confirms a breakout above $390 with sustained volume, buyers could regain control.
Targets:
• TP1: $400
• TP2: $410
Stop Loss: Below $382
Bearish Scenario:
A breakdown below $385 could invite further downside pressure.
Targets:
• TP1: $375
• TP2: $365
Stop Loss: Above $392
Final Note
TAO sits at a critical pivot near $386–$390. The upcoming sessions will determine whether buyers can reclaim lost ground or if sellers will drive another leg lower. Traders should monitor volume closely a decisive break on either side will likely define the next short-term trend.
