$TAO Failed Rally: Bears Still Have the Upper Hand

TAO tried to run toward 293.5, but that move got rejected hard and price is now sitting near 273.7. The important part is that it only bounced slightly after touching 269.3, so buyers are present but not strong enough yet.

Current read: bearish pressure unless TAO reclaims 278.5

Possible short zone: 274 – 278

Downside target: 269.3

Next weak area: 265 – 262

Recovery trigger: above 282

Invalidation for bearish idea: 285+

I would not call this a clean long yet. TAO needs to climb back above 278–282 before the chart starts looking healthy again. Under that range, sellers still look more comfortable.

$TAO #USCourtDeniesKalshiPolymarketPause #CryptoMarketCapNears2.6T #StripeLaunchesStablecoinBlockchain

TAO

265.1

-5.11%