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.
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MemeCurator
· 1h ago
The decline has completely reversed, and this round of accumulation really looks genuine... Let's wait and see if it can break through that resistance level.
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FUD_Vaccinated
· 23h ago
Broke below, huh? But I'll wait and see if it can stabilize. Don't come back to hit me again.
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GweiTooHigh
· 23h ago
It's another accumulation phase... Honestly, I'm almost numb to this kind of statement.
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DegenApeSurfer
· 23h ago
The downward break is real, but can this compression break out... feels like it's still testing repeatedly.
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BoredWatcher
· 23h ago
Accumulation phase, this wave is quite interesting. Let's see if it can hold the support level.
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StopLossMaster
· 23h ago
High-level consolidation, holding off on orders, just waiting for buying momentum to take over. I'm familiar with this rhythm.
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.