$TAO – Retesting Support With Room for a Bounce
$TAO is trading around $177 on the 4H chart after pulling back into a well‑defined support zone between $165–$177. This area has acted as a strong demand block in previous swings, and price is now reacting from it again.
The descending trendline has been guiding price lower, but the chart shows a potential reversal setup forming as TAO stabilizes inside the support zone. If buyers continue to defend this region, the next logical move is a push back toward the $222.8 resistance, which aligns with the previous high.
📈 Key Levels
Support zone: $165–$177
Major resistance / target: $222.8
Swing low: $142.8
A sustained hold above the support zone strengthens the bullish continuation scenario. If TAO can break the descending trendline with momentum, the move toward $222.8 becomes the primary expectation. Losing the support zone, however, would expose the deeper $142.8 low.
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