$TAO is sitting on the line that has held this chart three times already.

$260. Right now. Today.
Every time price has touched this horizontal level since late 2025 it has been a decision point. Not a coincidence. A structural level the market keeps returning to because significant capital has accumulated around it.
Here is what the indicators are saying underneath the price action.
The MACD histogram just turned positive.
Fast line is still at -3.5. Signal still at -4.4. Both deep in negative territory. On the surface that looks bearish.
But the histogram flipping to 0.9 while the lines are still negative is the signal most people miss.
It means the selling pressure is decelerating before price has confirmed a bottom.
In the Murphy framework that sequence, histogram turning positive ahead of a MACD line crossover, is one of the earliest warnings that momentum is shifting. Not confirmation. A warning. The difference matters.
RSI is sitting at 50.29 on the primary read. The secondary is at 42.76. Neither oversold. No divergence printed yet. The structure is stressed but not broken.
Now look at the price structure honestly.
The higher low sequence from $155 in January to $230 in April is still technically intact.
But the May recovery to $320 has fully retraced. That $320 print was a lower high against the $380 March peak. Two consecutive lower highs on the daily is a pattern that demands respect regardless of the fundamental thesis.
The bull case has to hold $260.
Lose this level on a daily close and $240 becomes the immediate test. Below $240 the April lows at $230 come back into play. Below that the chart gets complicated.
The bear case needs to break $260 convincingly and hold below it.
Right now neither side has won.
The levels that matter over the next ten days:
Hold $260 and reclaim $280: the consolidation structure stays intact and the June 2 Proof of Talk catalyst arrives with price at a constructive base.
Reject from $260 and lose $240: the structure weakens regardless of what happens in Paris.
The MACD histogram said something this morning that the price has not confirmed yet.
Momentum is slowing on the downside.
The level is holding for now.
Ten days to the Louvre.
Watch $260.