$TAO is approaching a critical turning point after dropping 31% from its recent $340 peak.

Price is testing the 0.618 Fibonacci level near $234, while $205–$220 remains the first major support zone.

Bulls need to reclaim $275–$300 before challenging $350–$390. A confirmed breakout could put the $480–$525 zone back in sight, keeping the $500 target alive.

However, losing $185 would weaken the recovery scenario.

Can TAO turn this pullback into another major rally?

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