Technical analysis by AndeWave about Symbol TAO: Sell recommendation (12/16/2025)

Volumes are growing on the market due to sellers (bears). The market does not react to strong levels, but when selling and retesting support, volumes increase, which indicates the dominance of sellers. In a downtrend, the coin is entering a consolidation phase of 270-320. Support is breaking at the moment, and bears are keeping the price outside the local consolidation. But there is important support ahead at 260.3. If the market breaks it, the decline will continue to form a downtrend. Scenario: a retest of 269 may end with a rebound and a fall, as may a breakdown of 260.3. Breaking out of the 260.3 support level may activate a distribution phase.