TAO has been range-bound for months every time it dips into this lower zone, buyers show up… but it hasn’t had the strength to reclaim the upper supply zone ($650–$750 area).
What I’m watching next:
Bull case: holds this support zone → quick relief bounce back into the mid-range (where most people get chopped).
Bear case: loses the box cleanly on weekly → it can “air pocket” lower fast because the range breaks.
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.
$TAO update
TAO has been range-bound for months every time it dips into this lower zone, buyers show up… but it hasn’t had the strength to reclaim the upper supply zone ($650–$750 area).
What I’m watching next:
Bull case: holds this support zone → quick relief bounce back into the mid-range (where most people get chopped).
Bear case: loses the box cleanly on weekly → it can “air pocket” lower fast because the range breaks.