Although the TAO price rebounded after breaking below the lower Bollinger Band, it has consistently struggled to return above the middle band, and the overall trend remains weak. The Bollinger Bands are narrowing, and volatility is decreasing: A clear market consolidation period, with depleted trading volume making the rebounds lackluster, leading to a deadlock in the battle between bulls and bears.
The continuous shrinkage of trading volume has dropped market participation to a freezing point, making every rebound of TAO appear powerless. This low volatility state may conceal a buildup signal, but the direction still needs to break through key resistance or support to be confirmed.
