TAO Breaks Pattern With 21.65% Rise and Aims for $450 Next

TAO broke out of a bullish pennant on the 2 hour chart and gained over 21 percent in quick moves.

The price target sits near $450 after jumping past $370 with buyers holding control during the breakout.

Strong support formed above $310 before the breakout and the trend may continue if volume stays steady.

Tao (TAO/USDT) has broken out from a bullish pennant pattern on the 2-hour chart, gaining 21.65% and targeting $450 soon. The breakout follows days of price consolidation between $310 and $370, forming a narrowing wedge structure. This technical setup now points to stronger momentum in the near term.

Source: X

According to chart data shared by World Of Charts on May 5, 2025, Tao is now positioned to advance beyond the $370 level. The pattern breakout suggests buyers are stepping in after several failed attempts to breach resistance. Market watchers are now tracking the projected move toward $450, a key psychological zone.

This recent move occurs during a period of broad altcoin volatility. The breakout from the pennant shows a shift in control toward bulls. The upward target, highlighted by a vertical measurement on the chart, projects a price move of approximately $80.47 from the breakout.

Bullish Structure Builds Strength

The 2-hour chart clearly shows a tightening pennant, with resistance near $370 and higher lows holding above $310. The breakout occurred as volume increased slightly, giving credibility to the upward push. The move measured from the lower trendline to the upper break points to a 21.65% rally.

TAO had previously consolidated in a horizontal range but gradually began forming higher lows over multiple sessions. The price structure became increasingly compressed, leading up to the eventual breakout on May 5. The bullish pennant formation had been building for several days before the move.

Price action during this period displayed strong support behavior, particularly above the $310 region. Traders interpreting this breakout often look for continuation patterns. A pennant breakout suggests the prior trend is resuming, which in this case was upward.

Price Targets and Key Resistance Ahead

Tao's next major price objective stands at $450, based on the height of the previous move before consolidation. This level aligns with psychological resistance, where traders may take profit or reevaluate positions. The move from $370 to $450 represents a projected gain of around $80.

While the target appears technically sound, the path may not be linear. Minor resistance could emerge near previous highs at $400. If buying momentum holds, price movement toward $450 could unfold in stages over the coming days.

The chart projection shown in the tweet places a clear arrow from the breakout point toward $450. This visualization reinforces the bullish expectation. Whether TAO can sustain momentum depends on volume support and broader market conditions in the days ahead.

Can Tao Sustain This 21.65% Breakout and Push Toward $450?

As TAO exits consolidation and breaks upward, traders face one key question: can this breakout carry price to the full $450 target?

Market participants may monitor volume trends to confirm follow-through. A successful retest of the breakout area near $370 would also indicate strength. For now, bullish control remains intact, and the pennant breakout has shifted short-term sentiment in favor of buyers.