$tao

TAO Monthly Outlook: Waiting for the Monthly Closing! ⏳
The most important thing right now is patience—we are waiting for the monthly candle to close before confirming the next major move.
TAO is currently trading near a key support zone from the last 2 years, and the monthly closing could provide an important signal about whether the ongoing corrective structure is nearing completion. If the Support-1 zone holds, we could see a potential B-wave completion followed by the beginning of a larger C-wave recovery.
On the upside, the first major resistance/supply zone lies around $645–$704. A sustained breakout above this area could open the door toward the higher Supply Zone-2, with a projected long-term target zone around $1,032–$1,080.
However, if the current support fails, TAO could revisit the $72–$30 retest area, which would become a crucial zone to watch for potential accumulation and reversal.
Key Levels to Watch:
🟢 Support: Around $120
🟡 Retest Zone: $72–$30
🔴 Supply Zone 1: $645–$704
🚀 Supply Zone 2 / Long-Term Target: $1,032–$1,080
The monthly closing is the key. Let the chart speak. 📊
This is a technical analysis view for educational and informational purposes, not financial advice.