$TAO The hardest part right now isn’t whether to buy—it’s whether you want the unrealized profit you already hold to be taken off around 310.
In 30 days, it rose from 227 to 311, a gain of 31%. The real main surge was concentrated on the high-volume candle on September 22—daily trading volume jumped from 260 million to 616 million, and the price pushed straight to 318. After that, over the following seven days, volume gradually declined step by step. Yesterday it was down to 337 million, yet the price didn’t fall back to the low point of 287. This suggests sell pressure isn’t as heavy as people imagined, but it also indicates that no new incremental capital has entered. Instead, shares are simply rotating in the market at high levels.
It’s still 58.9% away from the ATH of 757. This figure easily creates a “huge room” illusion. But don’t forget the one-year gain is only 2.36%, meaning that for the past full year, most of the time for people who bought $TAO has been spent between getting unstuck and being trapped. This move now looks more like a repair of a previous deep drop, not a trend-level reversal.
What I care about more is the position: a market cap of 3.5 billion and ranking 34. With this size, it’s no longer a small-cap. The liquidity needed to push it up is far higher than retail investors expect. Without new narratives or fresh capital entering, the 310 to 320 range will keep churning.
Just watch the volume. If in the coming days volume can rise back above 400 million and the price holds above 287, then this repair still has a second half. But if volume shrinks and the price slips below that level, then the earlier bullish candle is essentially distribution.
In 30 days, it rose from 227 to 311, a gain of 31%. The real main surge was concentrated on the high-volume candle on September 22—daily trading volume jumped from 260 million to 616 million, and the price pushed straight to 318. After that, over the following seven days, volume gradually declined step by step. Yesterday it was down to 337 million, yet the price didn’t fall back to the low point of 287. This suggests sell pressure isn’t as heavy as people imagined, but it also indicates that no new incremental capital has entered. Instead, shares are simply rotating in the market at high levels.
It’s still 58.9% away from the ATH of 757. This figure easily creates a “huge room” illusion. But don’t forget the one-year gain is only 2.36%, meaning that for the past full year, most of the time for people who bought $TAO has been spent between getting unstuck and being trapped. This move now looks more like a repair of a previous deep drop, not a trend-level reversal.
What I care about more is the position: a market cap of 3.5 billion and ranking 34. With this size, it’s no longer a small-cap. The liquidity needed to push it up is far higher than retail investors expect. Without new narratives or fresh capital entering, the 310 to 320 range will keep churning.
Just watch the volume. If in the coming days volume can rise back above 400 million and the price holds above 287, then this repair still has a second half. But if volume shrinks and the price slips below that level, then the earlier bullish candle is essentially distribution.