TAO Price Primed for 30% Rally as Bullish Signals Flash Green

Bending Trendlines and RSI Breakouts Suggest TAO’s Ready to Run

The charts don’t lie—when a token like TAO starts carving higher lows while volume picks up, traders ignore it at their peril. A textbook ascending triangle formation just confirmed on the 4-hour chart, with the Relative Strength Index punching through a 3-week downtrend. Last time these conditions lined up? A 48% pump in 11 days.

Of course, the ’smart money’ will claim they saw it coming—right after they finish liquidating their short positions. TAO’s about to teach another masterclass in how crypto markets reward those who read the tape, not the hot takes.

TAO price analysis 

On the 1-day USDT chart, TAO recently broke out of a multi-month falling wedge pattern, a setup often considered bullish in technical analysis. When price breaks above the upper trendline of this pattern, it typically signals the continuation of an upward trend.

Currently, TAO is moving within an ascending channel and is approaching key resistance NEAR the $400 level. Based on the chart structure, it appears poised to test and possibly break through this level soon.

Adding to the bullish case, the Chaikin Money Flow has climbed to 0.13, suggesting increased buying pressure. If this upward momentum continues, TAO’s price could see further gains in the short term.

Additionally, a golden cross has just formed on the daily chart, where the 20-day EMA (blue) has crossed above the 50-day EMA (green). This is generally viewed as a bullish signal. The last time this crossover occurred, TAO surged nearly 140% within a month.

If the current setup follows a similar path, TAO could potentially breach the $485 resistance level, which his up nearly 30% from its current price, in the coming weeks.

Analysts remain optimistic that the current momentum could extend further, and some are already eyeing higher targets. According to analyst Quinten, TAO’s recent breakout above $360 is significant, and a retest of that level as support could pave the way for a move toward the $485 target.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.