- TAO breaks out of six-month downtrend with an 81% recovery from March lows, signaling renewed bullish sentiment and midterm rally potential.
- Strong volume, bullish technicals, and aggressive accumulation fuel momentum as TAO eyes $460 next with long-term potential near $777.
- Short- and medium-term moving averages sit below price, reinforcing support while bulls push through resistance between $320 and $330.
According to Captain Faibik, TAO surged to $317.5 on April 22, 2025, marking a sharp 12.19% daily gain. The move signals growing momentum as bulls attempt to break through a key descending trendline. TAO recovered 81% from its March low of $175, reinforcing the strength of the ongoing reversal. The breakout from a six-month descending channel hints at a midterm rally. Technical indicators, volume spikes, and market behavior all suggest bullish sentiment is accelerating. Traders are now eyeing a potential move toward the $460 region, with a long-term goal near $777.
TAO’s price action from August 2024 to April 2025 shows clear market cycles. After peaking near $600 in late 2024, the asset entered a steep markdown phase. Prices declined within a well-defined downward channel until late March. During that period, TAO lost over 70% of its value, bottoming out near $175. However, early April brought a dramatic shift in trend.
Reversal Gains Momentum
The bullish breakout above the channel’s upper boundary occurred with high volume. Hence, the reversal appears supported by strong buying pressure. Besides, the recent rally came with increasing volatility, reflecting aggressive accumulation. Short-term and medium-term moving averages now sit well below current prices. This confirms the trend reversal and solidifies support beneath $300.
Moreover, TAO shows minimal signs of exhaustion despite its steep recovery. Current resistance lies between $320 and $330. Breaking through this zone could trigger a new leg higher. The price projection of $460 stems from a Fibonacci extension, representing a 45% upside from current levels. Additionally, the bullish momentum aligns with a broader accumulation phase.
Path Toward $777
Captain Faibik highlights the $777 level as a possible midterm target. This would mark a 145% increase from current prices. The TAO/USDT includes a bullish gradient transition. It shifts from blue to yellow, reflecting the change from bearish sentiment to bullish optimism. Consequently, TAO may have entered the early stages of a full-scale markup phase. If the bulls maintain pressure, the rally could extend well beyond $460. However, short-term consolidation is possible before the next breakout.
