🚀 $TAO TO $1,200? THE WEEKLY CHART MAPS THE HURDLES.
At the screenshot’s $289.80 price, $TAO
is recovering from its recent base and approaching a cluster of previous lower highs.
The first support zone sits around $240–$270. The latest swing’s approximate 0.618 Fibonacci retracement near $244 adds a technical reference inside that area.
Holding support would help preserve the higher-low attempt. The first major confirmation is a weekly reclaim of $320–$360, where descending resistance meets recent swing highs.
Above that zone, $430–$500 becomes the next hurdle, overlapping the 1.618 Fibonacci extension near $436.
Further up, historical supply sits around $580–$650, followed by $700–$750. Breaking through those areas and successfully retesting them would strengthen the case for a larger expansion.
Beyond the established trading range, Fibonacci projections near $842 and $1,157 provide scenario references on the path toward $1,200.
That final target represents approximately 314% upside from the snapshot price.
The green path maps a conditional weekly recovery with corrections between targets. It requires successive resistance zones to become support.
A sustained loss of $240 would weaken the setup and bring the $160–$200 demand area back into focus.
For $TAO , reclaiming $360 is the first meaningful test of this bullish roadmap.
At the screenshot’s $289.80 price, $TAO
is recovering from its recent base and approaching a cluster of previous lower highs.
The first support zone sits around $240–$270. The latest swing’s approximate 0.618 Fibonacci retracement near $244 adds a technical reference inside that area.
Holding support would help preserve the higher-low attempt. The first major confirmation is a weekly reclaim of $320–$360, where descending resistance meets recent swing highs.
Above that zone, $430–$500 becomes the next hurdle, overlapping the 1.618 Fibonacci extension near $436.
Further up, historical supply sits around $580–$650, followed by $700–$750. Breaking through those areas and successfully retesting them would strengthen the case for a larger expansion.
Beyond the established trading range, Fibonacci projections near $842 and $1,157 provide scenario references on the path toward $1,200.
That final target represents approximately 314% upside from the snapshot price.
The green path maps a conditional weekly recovery with corrections between targets. It requires successive resistance zones to become support.
A sustained loss of $240 would weaken the setup and bring the $160–$200 demand area back into focus.
For $TAO , reclaiming $360 is the first meaningful test of this bullish roadmap.