$TAO (Monthly Chart) – Technical Analysis

TAO remains in a long-term bullish structure despite the extended correction from its previous highs. Price is currently trading around the $277 region, holding above the major Support-1 zone ($118–$200), which has acted as a strong demand area. The chart suggests a retest is still pending, with price potentially revisiting the highlighted retest zone before initiating the next impulsive move.
The broader wave structure indicates that the corrective phase may be nearing completion, provided support remains intact. A successful defense of the support area could trigger renewed buying momentum and confirm a trend continuation. On the upside, the first key target lies within Supply Zone-1 ($646–$704), where sellers may re-enter the market. A decisive breakout above this resistance would open the path toward Supply Zone-3 near $1,380, representing a significant long-term bullish objective.
Overall, the Monthly outlook remains cautiously bullish while price stays above critical support levels. (NFA)