TaoToTheMoon

$TAO  Technical Analysis Take Profit (TP) Stop Loss (SL) 👇👇
Will TAO Bounce Back to $279? Price Action Says Watch $259 📈
Before I begin...🔥I'll likely make👉 my content private soon, and my content will show only to my followers. so make sure to follow me here , so u won't miss this and my future content.
The TAO market is displaying moderate consolidation after recent upward momentum, with price action coiling within a narrowing range between $247-$259. Market structure remains fundamentally bullish despite the short-term pullback, supported by healthy volume and strong ADX readings at 100.
💥Here are the key technical points to watch: 👇
—• Price is testing the pivot level at $254, with immediate resistance at $259
—• MACD shows potential bullish convergence with signal line (-10.29 vs -16.83)
—• Bollinger Band width at 40.08% suggests potential volatility expansion ahead
—• Strong ADX reading indicates trend strength, though DMI spread suggests caution.
—Trading Setup:🚀
—Long opportunity presents above $259 with initial targets at $267 and $279. Conservative traders should wait for a clear break and retest of $259. Short-term support at $247 remains crucial - loss of this level could trigger a deeper correction to $239.
—Risk Management:💥
—• Long entries: $259-262 zone
—• Stop loss: Below $247
—• Take profit 1: $267
—• Take profit 2: $279
—The relatively low volatility (2/10) and strong liquidity (8/10) provide favorable conditions for position building, though the technical score (3/10) suggests waiting for clearer confirmation before aggressive entries.
Why Follow My Analysis?💥👇👇 ✅ I’ll be sharing VIP signals for free, along with chart breakdowns, Latest Insights, Crypto News and updates to help you stay ahead of market moves. Don’t miss out on these expert insights designed to give you an edge.
#SECCrypto  #Vitalik  #TAOTrading #TAOUSDT #TaoToTheMoon $TAO

Date: Thursday, March 20, 2025
The cryptocurrency market is currently showing mixed signals, with Ethereum (ETH) experiencing a 5% weekly gain and trading at $1,950. This marks a positive shift following a turbulent start to March. As sentiment begins to improve, altcoins like Bittensor ($TAO ) are also starting to show signs of recovery.
Bittensor (TAO) has faced significant declines in recent months, but recent weekly gains and ongoing price movements suggest a potential recovery may be underway.
Double Bottom Pattern Signals Potential Reversal
On the weekly chart, TAO has formed a classic double-bottom pattern after enduring a sharp downtrend that began when it failed to break the $743 neckline resistance in early December 2024. Since that failure, TAO has experienced a significant correction, losing 70% of its value and revisiting the key $212 support level—marking the second bottom of the pattern.
Bittensor (TAO) Weekly Chart/Coinsprobe (Source: TradingView)
Following the formation of the double bottom, TAO has successfully held the support level at $212 and is currently bouncing back, reaching $253. This price action suggests the potential for a trend reversal. Additionally, the MACD (Moving Average Convergence Divergence) indicator is signaling a potential bullish crossover, hinting at increasing upward momentum. Historically, double-bottom formations have often resulted in strong reversals.
If this recovery continues, the next significant resistance level for TAO is the 50-period moving average (MA) at $413. A decisive breakout above this level could confirm the uptrend, potentially leading to an attempt to reclaim the $743 neckline resistance in the near future.
Conclusion
While the broader cryptocurrency market remains volatile, the technical setup for Bittensor (TAO) looks promising for a potential bullish breakout. However, failure to maintain the $212 support level could invalidate the double-bottom formation, potentially leading to further downside. Traders should closely monitor for a decisive move above key resistance levels to confirm a trend reversal.
#TAO🔥🔥🔥🔥 #TaoToTheMoon #VoteToListOnBinance #RippleVictory