Technical analysis by CryptoNuclear about Symbol TAO: Buy recommendation (7/29/2025)

🟨 Key Zone: Yellow Support Block (330 – 365 USDT) This zone has served as a major demand area since May 2025, acting as the base for the recent bullish move toward 475 USDT. It represents a strong accumulation zone, where significant buying interest previously stepped in. Given the current rejection from the 475 resistance, price is likely to revisit this block to test buyer interest and liquidity. --- 📉 Bearish Scenario: Breakdown Risk After failing to break above 475.7 USDT, price shows signs of a short-term correction. If bearish momentum continues: 🔽 A retest of the yellow support zone (330–365 USDT) is highly probable. If this zone fails to hold: 📉 Next downside targets: 305 USDT – previous local low 265 USDT – next major demand level A breakdown of the yellow block would invalidate the current bullish structure and open a new bearish leg. --- 📈 Bullish Scenario: Successful Retest and Bounce If the price retests the yellow zone and forms a strong bullish reaction: Confirmation signals: Bullish reversal candles (hammer, bullish engulfing, etc.) Increasing volume near the support zone A successful retest could lead to: ✅ Continuation of the bullish trend ✅ Higher-low structure remains intact Upside targets: 432 USDT – minor resistance 475.7 USDT – strong resistance zone 564.8, 609.1, and up to 711–745 USDT – extended targets --- 📌 Key Technical Levels: Level Significance 330–365 USDT 🔲 Yellow Support Block / Demand Zone 432 USDT Minor Resistance / Previous Breakout 475.7 USDT Major Resistance (Recent Rejection) 564.8 USDT Mid-Term Resistance 609.1 USDT Next Key Resistance 711–745 USDT Long-Term Target / Supply Zone 305 USDT Support if Breakdown Happens 265 USDT Next Demand Zone Below --- 📊 Structure & Market Behavior: No clear classic pattern (e.g., H&S or double bottom), but: Current price is moving within a range-bound structure Holding the 330–365 block would form a new higher low, strengthening the bullish outlook Market is watching how price responds on retest of the yellow support --- 🧠 Notes for Traders: Watch for volume and candle structure as price enters the 330–365 zone This zone is a classic re-entry / reload area for institutional buyers Conservative entry: Wait for bullish confirmation candle above 365 Aggressive entry: Ladder buys inside 330–365 with stop loss below 330 --- 🏁 Conclusion: TAO/USDT is undergoing a healthy pullback after rejection at 475.7 USDT. A retest of the yellow support zone (330–365 USDT) is highly likely. This area is crucial for the next move — either a bullish continuation with a strong bounce or a bearish breakdown signaling trend reversal. #TAOUSDT #TAO #CryptoAnalysis #RetestSupport #DemandZone #BullishScenario #BearishScenario #AltcoinWatch #TechnicalAnalysis #PriceAction #TradingView #SupportAndResistance #GateIO #ReentryZone