🔥TAO Rejects From Range High, Enters Consolidation After Strong Impulse
Current price : $190.3
Market Structure 🧠
TAO printed a strong impulsive rally from $143.9 → $215.6, followed by a sharp rejection at supply and transition into sideways consolidation. Price is now forming lower highs within a range, signaling short-term corrective structure while the broader bias remains bullish above key demand.
Key Levels 🎯
Major Resistance: $200 – $215 (range high & supply zone)
Intermediate Resistance: $196 – $198
Support: $186 – $188 (local demand & reaction zone)
Major Support: $172 – $175 (structure support & breakout base)
Volume Analysis 📈
Volume expanded significantly during the impulsive leg up, confirming strong bullish participation. The current declining volume during consolidation suggests healthy profit booking rather than aggressive distribution, favoring range expansion after compression.
Outlook 🔮
Above $186, TAO may attempt another range breakout toward $200–$215. A clean reclaim of $200 with volume can open trend continuation. Breakdown below $185 may lead to deeper retracement toward $172–$175 before the next leg.
Bias: Neutral → Bullish
Market State: Consolidation after impulse 🟡
