$TAO update. This chart is at its most critical point yet.
Two days ago TAO broke below the 200-day MA on elevated volume.
That was the bearish confirmation.
Today the chart is offering a response.
Current price: $260.8
200-day MA: $262.1
The gap: $1.30
Two days ago that gap was over $5.
It closed from both sides simultaneously:
- price recovered upward
- the MA declined downward from $264.4 to $262.1
That compression matters.
A declining 200-day MA meeting a recovering price is how reclamation setups form before they trigger.
Here is what the indicators are telling you right now:
MACD:
- stil