$TAO is trading around $225.
And I think this is one of the most interesting weekly setups on my watchlist.
Look at the bigger picture.
For almost two years, $TAO has been forming lower highs while repeatedly finding support around the same long-term price zone.
Every rally has been sold.
But sellers have also failed to push the price significantly below that base.
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 to change.
Then $500–700 becomes the next important area to watch.
Above that, $1,000 comes into focus.
And $1,500? That's my aggressive bullish scenario.
The chart illustrates a potential 832% 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 through descending resistance and hold above it.
Because if that happens, the same structure that has kept the price trapped for years could finally become the foundation for a new trend.
And I think this is one of the most interesting weekly setups on my watchlist.
Look at the bigger picture.
For almost two years, $TAO has been forming lower highs while repeatedly finding support around the same long-term price zone.
Every rally has been sold.
But sellers have also failed to push the price significantly below that base.
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 to change.
Then $500–700 becomes the next important area to watch.
Above that, $1,000 comes into focus.
And $1,500? That's my aggressive bullish scenario.
The chart illustrates a potential 832% 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 through descending resistance and hold above it.
Because if that happens, the same structure that has kept the price trapped for years could finally become the foundation for a new trend.
