$TAO is currently at the support line of the descending channel. A bullish bounce from this level confirms Long-term upside momentum, likely forming a lower high near $400 before the downtrend continues.
The RSI shows a clear support zone, highlighted with a green rectangle in the chart. Historically, RSI bounced from this zone three times, each time resulting in upward momentum on the weekly timeframe.
This indicates that another bounce from the current support is likely, aligning with the descending channel’s weekly structure.
I hope this analysis helps you understand the current price action. If you have any questions or suggestions, comment below — I’ll reply as soon as possible.
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