$TAO is currently trading around 274, showing a slight -1% pullback after a strong bullish move. Price previously pushed from 267 to 281, forming a clear short-term uptrend, but now facing rejection at the 281 resistance zone.

After the rejection, $TAO is forming lower highs on the 5m timeframe, indicating a temporary bearish correction. Current support lies near 272–273, and if this level breaks, we may see a deeper pullback toward 269–270.

On the upside, resistance remains strong at 278–281. Bulls need to reclaim this zone with volume to continue the trend. Right now, momentum is cooling off after the pump.

Overall structure is still bullish on a larger scale, but short-term sentiment is weak/neutral. Best approach is to wait for either support confirmation for bounce trades or a breakout above resistance for continuation.

TAO

298.1

-4.42%