$TAO #TAO Analysis: Breakout Testing Key Resistance Levels

$TAO has surged +8.21% to trade at $468.69, showing a bullish recovery as it attempts to reclaim previous support-turned-resistance levels. This move marks a significant shift in momentum after consolidating near the $430 zone in recent weeks.

📊 Key Indicators and Levels:

Resistance Levels: $473 and $485; a breakout above these levels could open the path toward $500.

Support Levels: $454 and $430; maintaining above these levels ensures the bullish sentiment persists.

📈 Outlook: The move above $454.62 is a positive signal, but the real test lies in breaking through the 50 and 100 EMAs, which could signal a confirmed reversal. Volume support is critical for continuation, as a lack of buying pressure at these resistance zones could result in rejection.

🚀 Traders should monitor for a daily close above $485, which would validate further upside potential. Alternatively, failure to maintain above the 200 EMA ($454) may lead to retesting lower levels around $430.
#TAO #TAO #TAO