$TAO is pulling back inside the demand zone and the structure is still intact.


Current price: $250.5
200 day MA: $274.8
Key support holding: $232.8 (61.8% Fib)
This is the level that matters right now.
$232.8 has held every serious test since the March breakout. As long as price respects that floor, the higher timeframe setup remains valid.
The pullback volume is thinning, which tells you this is consolidation, not distribution. Sellers are not in control here.
Levels to watch going forward:
- $274.8 is the first wall. That is the 200 day MA, and reclaiming it on a daily close changes the momentum picture entirely.
- $288.1 is the 38.2% Fib. Break and hold that, and the next destination is $348.7.
- $348.7 is the 61.8% extension and the target that makes this setup worth the patience.
The thesis has not changed. The price is just giving people a second look before it moves.
NFA. DYOR.
TAO-0.39%
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