Technical analysis by CryptoSanders9563 about Symbol TAO: Buy recommendation (10/7/2025)

TAO Chart Analysis Overall Structure: The price is moving within a descending channel (marked by the shaded area). This reflects a broader bearish trend over the past several months. Short-Term Momentum: Recently, the price has bounced off the lower channel boundary around $300 and is attempting to break the short-term downtrend line. Support and Resistance Support Levels: ~$320 (recent consolidation and channel bottom area) ~$300 (strong lower channel boundary) Resistance Levels: ~$360 (current short-term downtrend line and Ichimoku Cloud resistance) ~$400 (upper channel boundary) ~$440–450 (previous highs, upper channel line) Ichimoku Cloud: Currently, the price is entering the red cloud – a potential resistance area. If the price closes above the cloud (~$360–370), it could signal a trend reversal. Moving Averages: The price is slightly above the short-term moving averages, which indicates a near-term uptrend. The projection shown shows a potential breakout above the descending channel, initially targeting the $400–420 area. A successful breakout accompanied by broad volume could shift the medium-term trend from bearish to bullish. DYOR | NFA