TAO/USDT – Bullish Reversal Setup Taking Shape

#TAOUSDT is showing early signs of a potential trend reversal following a prolonged downtrend. Price has recently rebounded from a key major support zone between $164 and $192, where a bullish divergence with the RSI has emerged—indicating a possible shift in momentum.

A well-defined descending trendline has been acting as dynamic resistance since the November 2024 high. Currently, price is approaching a critical resistance level around $284.7. A confirmed breakout above this area would be a strong signal that the market structure is beginning to shift in favor of the bulls.

If price breaks and holds above this resistance, the next upside targets are:

$468

$480

$495.9, in line with previous supply zones and structural highs.

Momentum is also improving, with RSI crossing back above the 50 level, supporting the bullish case. However, a clean breakout with sustained volume will be key to validating this setup.

Levels to Watch:

Support: $192.8 and $164.1

Resistance: $284.7, followed by $468–$495.9

Until we see a confirmed breakout, caution is warranted. Failure to clear the trendline may lead to another retest of support.

Summary:
#TAO is setting up for a potential bullish reversal, but confirmation above $284.7 is critical. A move beyond that level could open the door for a significant upside continuation. As always, manage risk accordingly and wait for confirmation.