- TAO confirms breakout from wedge with controlled pullback into Fibonacci support zone.
- Price compresses near the demand region where bullish continuation was previously initiated.
- TAO forms a higher base after cycle retracement from $600 to the key $214–$231 range.
TAO broke out from a descending broadening wedge on the 12-hour chart, triggering a fast upside continuation. Price reached a high near $256 before retracing into a confluence of Fibonacci and fair value support.
Positioned near the 0.618–0.786 Fibonacci zone, TAO trades inside a key fair value gap. This region triggered prior bullish momentum and now shows signs of slowing downward pressure. Candlestick structure reflects reduced selling aggression as price compresses near institutional demand levels.
Breakout Structure Aligns with Technical Confluence
Source: BATMAN
In the post above, market analyst Batman identified a clean breakout from a descending broadening wedge. He pointed out a structural shift as TAO rallied sharply beyond the wedge’s upper trendline resistance. His findings revealed continued bullish progression before a controlled pullback into a high-confluence support zone.
Tracking market behavior, the pattern originated in late March with lower highs and lower lows forming the wedge. The breakout candle, dated April 8, closed above the wedge and initiated a surge to the $256 level. Price then retraced into a fair value gap ranging from $214 to $231, aligned with the 0.618 and 0.786 levels.
Analyzing liquidity shifts, this blue zone overlaps with prior demand and price inefficiency. The price now hovers near the upper boundary, showing deceleration in bearish momentum and shallow wicks. The zone serves as a technical base, often attracting institutional re-entry during post-breakout retracements.
CoinMarketCap Data Confirms Market Cycle Development
CoinMarketCap’s chart shows TAO traded below baseline from May to November 2023 in a flat accumulation range. In December 2023, TAO surged above the baseline, initiating a vertical rally into early 2024. Price reached a peak above $600 before entering a multistage correction by February.
Source: CoinMarketCap
Tracking price structure, TAO formed a volatile range between 350 and 500 through mid-2024. Late 2024 brought lower highs and strong rejections, completing a cycle top as the price dropped below $250. By early 2025, TAO bottomed near $200 and staged a modest recovery into the $230 zone.
Volume data shows spikes at breakout points and local bottoms, confirming reactive liquidity during key moves. TAO’s full cycle from accumulation to expansion and decline now positions it near its previous base structure. Price continues to compress inside a major demand region with clear Fibonacci confluence.
