$TAO Bittensor - The market is approaching another decision point
The price hasn’t changed much over the past few days.
The liquidity map has.
The strongest nearby liquidity cluster now sits between $180 and $190. If $200 breaks, that becomes the highest-probability destination. Markets naturally gravitate toward large pools of resting liquidity, and this is the closest one below price.
Above the market, the structure remains unchanged.
The first technical hurdle sits around $235–245. Above that comes $250–260, where supply becomes more concentrated. The largest liquidity cluster on the entire chart is still located between $295 and $305, making it the primary upside objective if buyers regain momentum.
Current technical map:
Support: $200
Major support: $180–190
First resistance: $235–245
Second resistance: $250–260
Major liquidity target: $295–305
My base case is straightforward.
As long as $TAO trades below $235, sellers retain the short-term advantage. A loss of $200 significantly increases the probability of a sweep into $180–190.
On the other hand, if buyers defend $200 and reclaim $235–245, the technical structure improves considerably and opens the path toward $250–260.
The chart is not deciding between bullish and bearish.
It is deciding which liquidity pool gets cleared first.
Right now, the downside remains slightly favored.
The price hasn’t changed much over the past few days.
The liquidity map has.
The strongest nearby liquidity cluster now sits between $180 and $190. If $200 breaks, that becomes the highest-probability destination. Markets naturally gravitate toward large pools of resting liquidity, and this is the closest one below price.
Above the market, the structure remains unchanged.
The first technical hurdle sits around $235–245. Above that comes $250–260, where supply becomes more concentrated. The largest liquidity cluster on the entire chart is still located between $295 and $305, making it the primary upside objective if buyers regain momentum.
Current technical map:
Support: $200
Major support: $180–190
First resistance: $235–245
Second resistance: $250–260
Major liquidity target: $295–305
My base case is straightforward.
As long as $TAO trades below $235, sellers retain the short-term advantage. A loss of $200 significantly increases the probability of a sweep into $180–190.
On the other hand, if buyers defend $200 and reclaim $235–245, the technical structure improves considerably and opens the path toward $250–260.
The chart is not deciding between bullish and bearish.
It is deciding which liquidity pool gets cleared first.
Right now, the downside remains slightly favored.