🚀 $TAO IS TESTING ITS WEEKLY DOWNTREND | CAN THE BASE TURN INTO A REVERSAL?
$TAO has recovered from approximately $160 toward $330, but the broader structure still contains lower highs.
The falling resistance connects the $750.1 and $540.8 peaks. A move through that line needs a confirmed weekly close and a successful retest.
The recent recovery’s Fibonacci support sits near $265, $245 and $225.
Holding this area could help TAO establish another higher low before challenging $330–$350.
That resistance zone is the key confirmation. Reclaiming it would strengthen the path toward the $376 and $435 Fibonacci extensions, followed by $540.8.
Above $540.8, the next major reference is $750.1. The extended green scenario reaches $1,255.9, approximately 331% above the chart’s $291.4 price.
The projected W is a possible future formation. It has not formed yet.
Losing $225 would weaken the recovery and bring the $180–$210 base back into focus. A break below approximately $160 would invalidate that base.
Can $TAO turn falling resistance into support?
$TAO has recovered from approximately $160 toward $330, but the broader structure still contains lower highs.
The falling resistance connects the $750.1 and $540.8 peaks. A move through that line needs a confirmed weekly close and a successful retest.
The recent recovery’s Fibonacci support sits near $265, $245 and $225.
Holding this area could help TAO establish another higher low before challenging $330–$350.
That resistance zone is the key confirmation. Reclaiming it would strengthen the path toward the $376 and $435 Fibonacci extensions, followed by $540.8.
Above $540.8, the next major reference is $750.1. The extended green scenario reaches $1,255.9, approximately 331% above the chart’s $291.4 price.
The projected W is a possible future formation. It has not formed yet.
Losing $225 would weaken the recovery and bring the $180–$210 base back into focus. A break below approximately $160 would invalidate that base.
Can $TAO turn falling resistance into support?