$TAO Analysis

Price Action:

$TAO is maintaining a clear downtrend across all time frames. The price recently bounced in the demand zone of $215-$217, but the movement was weak and short-lived.

S/R Levels:

Support: $215, $200

Resistance: $225, $240, $260

Outlook:

Bears remain in control. Unless $225 is reclaimed with strong volume and acceptance, the path of least resistance is another test of $215, with $200 as the next bearish magnet.