$TAO is pressing into a major resistance that’s held since late 2023. A breakout could open the door to a sharp move higher. Let’s break it down:
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🔍 Chart Breakdown
📉 Previous Trend:
TAO has been stuck in a sideways range since November 2023, getting rejected multiple times at the $470–$480 zone.
📊 Current Price:
$469.5 (as of the latest daily candle)
🔴 Resistance Zone (Major):
$470-$480 — this level has capped every rally for 6+ months.
🟢 Support Levels:
$410 — recent swing low and minor structure
$370 — stronger demand area from March–April bounce
📈 Volume:
Volume is steadily increasing into resistance, which usually signals growing interest and pressure — breakout potential is high if this continues.
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📌 Market Structure
Double Bottom Reversal:** Formed in Q1 2025 with a neckline around \$470.
Higher Lows: TAO has printed consistent higher lows since March — buyers are stepping up early.
Compression Pattern: Rejections at resistance are getting tighter = coiled spring setup.
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🚀 What’s Next?
✅ Break above $480 = likely push toward $540
✅ Break above $540 = opens up room to test $600
⚠️ Rejection at $480 = pullback toward $410–\$420 support zone
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🧠 TL;DR
TAO is at a multi-month resistance — all eyes on $470–$480
Structure is bullish: double bottom + higher lows = reversal base
Breakout could fuel a fast rally to $540–600
Stay cautious below $410 — structure would weak.
Entry Plan:
Entry Trigger:
Daily candle close above $480, with solid body (not just a wick)
Volume spike or strong bullish candle confirms strength
Entry Price Zone:
$482–$488 (on confirmed breakout)
Retest Entry:
If price breaks above $480 and pulls back to retest it, you can enter again on a bullish candle at ~$475–$480 zone
Invalidation: If price closes back below $460 after breakout, it may have been a fakeout.
Disclaimer: This is not financial advice. Always do your own research and manage your risk before making any trading decisions.
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