TAO Analysis – Strength After the Drop
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In my last week’s TAO analysis, I mentioned that the coin remains bullish, with the $300 zone being an excellent buy area.
Friday’s market-wide crash also hit TAO, but what followed was far more important.
1. Reaction After the Drop
• The decline stopped exactly at the previous support.
• Price quickly recovered the $300 level, turning it back into support.
• That support was retested and held again, confirming its strength.
• Finally, TAO broke above resistance and even made a high above Friday’s top.
2. Outlook
All these are bullish confirmations of strength and resilience.
If the broader market continues to stabilize, TAO could extend its move toward $500, followed by $700 as the next potential target zone.
The outlook stays strongly bullish as long as $300 remains intact.
Conclusion:
TAO continues to outperform and show real momentum.
Support respected, resistance broken, buyers in control.