$TAO Token Cooling After a Sharp Surge, but Bulls Still Control the Bigger Structure
TAO is trading near 281.5 after a strong 18.44% daily jump, and the 15-minute chart shows a market taking a breather after an aggressive run into 293.57. The recent pullback matters, but it does not break the structure yet. Price is correcting from the local top while sitting near the MA(7) around 285.2, which means short-term momentum has weakened, but the broader intraday trend is still supported by MA(25) near 277.1. That makes the 277–281 zone the key area now. If buyers defend it, TAO can stabilize and make another attempt toward 286 and then 293.5. If that zone fails, the move likely extends into a deeper reset before bulls try again.