TAO has broken out above a falling wedge formation, now trading above the former resistance trendline near 370 USDT. This move suggests a potential bullish shift in market structure, as price pushes beyond the long-term descending trendline that had limited upside for several months.
Based on the measured move from the wedge’s depth, the breakout projects a potential upside target around 640 USDT (+60.34%). For this scenario to remain intact, the price would need to stay above the former wedge resistance, which may now act as dynamic support.
Key levels:
Breakout zone: ~370 USDT
Target: ~640 USDT
Invalidation: Breakdown below ~360 USDT
The breakout remains technically valid for now — ongoing confirmation would require sustained price strength, increased volume, and follow-through toward the projected objective. As always, invalidation of the setup would occur on a decisive break back below key support.
Based on the measured move from the wedge’s depth, the breakout projects a potential upside target around 640 USDT (+60.34%). For this scenario to remain intact, the price would need to stay above the former wedge resistance, which may now act as dynamic support.
Key levels:
Breakout zone: ~370 USDT
Target: ~640 USDT
Invalidation: Breakdown below ~360 USDT
The breakout remains technically valid for now — ongoing confirmation would require sustained price strength, increased volume, and follow-through toward the projected objective. As always, invalidation of the setup would occur on a decisive break back below key support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.