- TAO breaks a key descending trendline, signaling a bullish reversal as it forms a higher low and targets the $360–$365 resistance zone.
- Consistent U-shaped bottoms at $220 support reflect strong accumulation, reinforcing buyer interest across multiple timeframes since 2024.
- Surging volume and price recovery above $257 suggest a shift in sentiment, with market focus now on a sustained breakout beyond $365.
TAO’s price movement is pointing to a shift in market sentiment, says analyst Daan Crypto Trades. The currency is trading at $257.56, up 3.94% on the day. This increase follows a break above a downtrend line, suggesting a potential trend reversal. Moreover, the currency is well above the $220 support level, further lending support to bullish strength. The $360–$365 resistance area serves as the mid to high timeframe pivot level. TAO’s recent behavior mirrors its previous bottoming patterns, especially those seen in 2024.
The price reflects extended volatility between May 2024 and July 2025. Within this timeframe, multiple U-shaped bottoms formed at the $220 support. These accumulation phases occurred in June 2024, August 2024, February 2025, and April 2025. Each time, buyers stepped in, preventing further declines. Hence, the repeated support test at this level strengthens its importance. TAO peaked above $600 between September and December 2024. However, it then entered a prolonged downtrend. A series of lower highs and lower lows followed, driven by consistent selling pressure.
Breakout Signals Shift in Market Structure
In April 2025, TAO broke above a key descending trendline. This trendline started forming from the November 2024 high. The breakout signals a change in market structure. Moreover, volume activity surged during this move, confirming bullish conviction. Higher volume during reversals often signals strong interest from traders. Consequently, the price is now pushing toward the $360–$365 resistance level. A move past this point could confirm the start of a broader rally.
Currently, TAO is making a higher low, indicating momentum is gradually shifting upward. Additionally, the structure now suggests accumulation has ended. The projected path, marked by a white line, anticipates further gains toward the $365 level. If this resistance breaks, bullish continuation becomes more likely. However, failure to break $365 may trigger another consolidation phase. For now, TAO maintains a strong position above support. Ethereum and Bitcoin perpetuals remain in similar ranges, hinting at broader market stabilization.
