$TAO experienced a sharp intraday sell-off, printing a 24h low near 215.4 before attracting dip buyers. Price is now hovering around 219.6, attempting to stabilize above short-term averages. The bounce from the lows suggests liquidity sweep + reaction, not full trend reversal yet.
MA structure shows price fighting MA30, while MA5/MA10 are curling upward — an early stabilization signal. Volume picked up on the bounce, indicating short covering rather than aggressive spot demand. Key Levels Support: 217.0 → 215.4 Resistance: 222.0 → 225.0 Bias Above 222: continuation relief move Below 217: retest of lows likely
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$TAO experienced a sharp intraday sell-off, printing a 24h low near 215.4 before attracting dip buyers. Price is now hovering around 219.6, attempting to stabilize above short-term averages. The bounce from the lows suggests liquidity sweep + reaction, not full trend reversal yet.
MA structure shows price fighting MA30, while MA5/MA10 are curling upward — an early stabilization signal. Volume picked up on the bounce, indicating short covering rather than aggressive spot demand.
Key Levels
Support: 217.0 → 215.4
Resistance: 222.0 → 225.0
Bias
Above 222: continuation relief move
Below 217: retest of lows likely
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