$TAO

TAO is the one bright spot in an otherwise ugly market.

After that massive breakout candle we saw a few days ago, price is now consolidating around $312, which is healthy.

TAO

316.3

+0.15%

It printed a high of $375 earlier this week and is now pulling back to digest those gains.

The EMA 200 at $271 is now acting as support. Below that is a significant structural shift.

This pullback does not concern me at all.

What concerns me about #TAO is if it loses $290 on a daily close, because that would suggest the breakout is failing.

As long as it holds above the EMA 200, I remain the most bullish on TAO out of everything I track right now