$TAO looks to be forming a potential bottoming structure here, possibly setting up for a move back toward the highs.
Price action is showing multiple doji candles around the key liquidity retest zone, signaling indecision and a possible shift in momentum. At the same time, the 12EMA is starting to catch up, which could support a short-term bullish move.
If buyers are going to defend this structure, this is the level where we should start seeing a clear reaction. Otherwise, the setup risks losing strength if momentum doesn’t follow through.