$TAO

TAO

321.4

+0.75%

TAO is still stuck in a downtrend.

The recent move up was just a temporary bounce, not a real trend reversal. It only reached the middle of the range and failed to break above resistance.

So:

❌ No breakout yet

❌ No sign of strength

✅ Market is just consolidating within a bearish channel

As long as price stays below the descending channel resistance, sellers still control the market and the probability remains higher for another move down rather than a strong upside rally.