$TAO is showing strong volume-backed momentum from a major demand zone. 🚀
STORY TIME 📖
$TAO respected the strong horizontal support zone between $186–$196 and formed a clear bullish reaction after months of consolidation.
The recent move from the support zone came with a strong expansion in buying activity, showing that buyers stepped in aggressively. Price is now pushing into the descending resistance of a potential bullish pennant, making this a key decision area.
A clean break and hold above the descending trendline could confirm continuation.
CHARTONOMICS 📊
• Entry: $245.5
• Breakout