$TAO USDT perpetual chart on Binance indicates that $TAO is testing a crucial macro support zone around the $265.00 to $269.00 level. Following a steep decline from the $309.00 resistance, the price action has compressed significantly near the lower Bollinger Band, signaling extreme oversold conditions. A massive liquidity sweep occurred right at the $265.78 local bottom, which is perfectly acting as a launchpad for a sharp technical reversal. As buying pressure accumulates at these absolute lows, a major bullish retrace is building up to squeeze out short sellers and drive the price back up toward the upper bands.

First Target: $276.40

Second Target: $293.70

Third Target: $313.80

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