TAOUSDT Analysis (1D timeframe) Currently, TAO is trading around $298, showing a slight decline of -1.02%. On the chart, we can see a falling wedge / descending triangle pattern forming, with strong horizontal support around the $295-300 zone.
The projection indicates a potential breakout to the upside, with a measured move target of around +54.8%, which could bring the price toward the $460-480 range if momentum builds.
As long as TAO holds above the key support level, the bullish breakout scenario remains valid. However, a breakdown below support would invalidate this setup and may trigger further downside.
Key levels to watch:
Support: $295-300
Resistance: $365-425
Breakout target: $460-480
The projection indicates a potential breakout to the upside, with a measured move target of around +54.8%, which could bring the price toward the $460-480 range if momentum builds.
As long as TAO holds above the key support level, the bullish breakout scenario remains valid. However, a breakdown below support would invalidate this setup and may trigger further downside.
Key levels to watch:
Support: $295-300
Resistance: $365-425
Breakout target: $460-480
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.