$TAO is at a decision point.
Price ran from $160 to $380 in two weeks.
Now it is back at $251.
Below the 200 day MA at $280.73.
Here is what this chart is actually showing:
The March rally was explosive. Volume confirmed it.
But the April rejection at $380 was equally violent.
Every attempt to reclaim $280 has failed.
That level is not just resistance.
It is the line between a correcting bull and a changing trend.
Two scenarios from here:
1) $280 reclaimed with volume. $TAO re-enters price discovery. AI token narrative reignites.
2) $240 support lost. The March rally gets fully retraced. Next