$TAO is trading around $225.
And I think this is one of the more interesting weekly setups on my watchlist.
Look at the bigger picture.
For almost two years, $TAO has been making lower highs while repeatedly finding support around the same long-term price zone.
Every rally has been sold.
But sellers haven't managed to push price significantly below that base either.
Now we're approaching the point where the descending trendline and horizontal support are converging.
Something has to give eventually.
If buyers defend $200 and reclaim $350, the structure could start changing.
Then $500–700 becomes the next major area to watch.
Above that, $1,000 comes into focus.
And $1,500? That's my aggressive bull scenario.
The chart illustrates an 832% potential move from its marked lower reference point.
But there's a big difference between a projected breakout and a confirmed one.
I want to see $TAO break the descending resistance and hold above it.
Because if that happens, the same structure that has kept price trapped for years could finally turn into the foundation for a new trend.
And I think this is one of the more interesting weekly setups on my watchlist.
Look at the bigger picture.
For almost two years, $TAO has been making lower highs while repeatedly finding support around the same long-term price zone.
Every rally has been sold.
But sellers haven't managed to push price significantly below that base either.
Now we're approaching the point where the descending trendline and horizontal support are converging.
Something has to give eventually.
If buyers defend $200 and reclaim $350, the structure could start changing.
Then $500–700 becomes the next major area to watch.
Above that, $1,000 comes into focus.
And $1,500? That's my aggressive bull scenario.
The chart illustrates an 832% potential move from its marked lower reference point.
But there's a big difference between a projected breakout and a confirmed one.
I want to see $TAO break the descending resistance and hold above it.
Because if that happens, the same structure that has kept price trapped for years could finally turn into the foundation for a new trend.
