TAO Market Update: Technical Consolidation Phase



TAO is holding to its established recovery pattern quite well right now. The downtrend has finally broken—that's the key signal we've been watching for. Price action is currently consolidating above the earlier demand zone, which is exactly what you want to see after a trend reversal.

The interesting part? We're watching price compress just beneath the breakout level. Buyers have been showing up earlier in the pullbacks lately, creating a series of higher lows. This pattern suggests accumulation is happening, which typically precedes the next leg up.

As long as TAO maintains above these support levels, the technical setup remains constructive for continuation higher.
TAO-4.67%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
FUD_Vaccinatedvip
· 4h ago
Broke below, huh? But I'll wait and see if it can stabilize. Don't come back to hit me again.
View OriginalReply0
GweiTooHighvip
· 5h ago
It's another accumulation phase... Honestly, I'm almost numb to this kind of statement.
View OriginalReply0
DegenApeSurfervip
· 5h ago
The downward break is real, but can this compression break out... feels like it's still testing repeatedly.
View OriginalReply0
BoredWatchervip
· 5h ago
Accumulation phase, this wave is quite interesting. Let's see if it can hold the support level.
View OriginalReply0
StopLossMastervip
· 5h ago
High-level consolidation, holding off on orders, just waiting for buying momentum to take over. I'm familiar with this rhythm.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)