• TAO eyes a breakout above key resistance, with bullish momentum building amid trend reversal signals.
• A breakout could trigger a 50%+ surge, targeting $600–$785, while failure may lead to a retest of the $345–$355 support zone.
• Strong buying interest at lower levels hints at shifting market sentiment, with traders anticipating a major rally.

The cryptocurrency market is closely watching TAO/USDT as the token approaches a key breakout level. Currently, TAO is trading at $399.2, a 6.31% rise. Price action has been defined by a downtrend line, but current price action suggests possible bullish pressure. Traders anticipate a breakout above this resistance, which will signal a strong trend higher.

Key Resistance and Support Levels

TAO's price action has formed a descending trendline, which has acted as a resistance level for an extended period. The asset is now testing this resistance, with traders speculating a breakout could ignite bullish momentum.

A key support zone exists between $345 and $355. This level has been tested multiple times, forming higher lows. Such movement signals possible accumulation before a surge. If TAO fails to break above the trendline, it may retest this support zone. The stop-loss level near $301.9 highlights a strategic risk-management approach.

Breakout Potential and Market Sentiment

TAO’s chart suggests a potential breakout, with a projected target above $600. The historical trendline has rejected price attempts multiple times. However, bullish indicators are now emerging, increasing optimism.

Moreover, another analysis highlights a descending wedge formation in a 12-hour timeframe. TAO’s price currently stands at $387.6, marking a 3.22% increase. The wedge pattern has held strong, with price action nearing its upper trendline resistance. The market structure has remained bearish, but signals of a breakout are growing stronger.

Traders expect a 50%+ surge if the breakout materializes. The price projection estimates a rally toward $785, representing a 91.7% potential upside. A crucial resistance zone lies between $430 and $450, and clearing this level would confirm a trend reversal.

Market Structure and Future Outlook

TAO has followed a pattern of lower highs and lower lows, maintaining a bearish wedge formation. However, strong buying interest at lower levels indicates a shift in momentum. Early February saw a price rejection with a long wick below wedge support, yet the price quickly rebounded. This suggests bulls are regaining control.

If TAO successfully breaks above resistance, the next major targets range between $600 and $700. Investors are closely monitoring price action as consolidation phases often lead to impulsive rallies. The coming weeks will determine if TAO sustains bullish momentum, paving the way for a trend reversal.

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