TAO Approaches Key Multi-Month Support
TAO continues to move within its wide multi-month range as market conditions weaken. Current trading data shows the asset nearing key support, with traders monitoring volume trends and structural levels for early signs of stabilization.
TAO moves within a broad structure that has shaped price behavior for months. The established demand area between $280 and $300 has acted as a strong base during repeated tests. Each visit to this zone in the past produced sustained upward reactions.
A recent update from CryptoPulse noted that price remains within this range and is now drifting toward the lower boundary. The market has treated this section as a fair-value region, especially during periods of high-volume stress. Buyers have consistently defended this area during sharp declines.
The latest chart developments reflect weakening momentum after rejection near the mid-$400s. Price currently trades near $333, showing a steady slide from recent highs. This move keeps TAO within the lower third of its range as traders monitor whether support will be tested again.
Market Data Shows Rising Activity During Decline
TAO as of writing trades at $333.15, down 5.15% in the past 24 hours. This decline places the asset near recent lows. The market cap stands at $3.43B, while the unlocked market cap sits at $3.55B. The circulating supply of 10.3M TAO represents about half of the total supply.
Trading volume increased by 10% to roughly $302M. This rise during a decline indicates active participation by market sellers. The volume-to-market-cap ratio of 8.8% confirms steady turnover as traders adjust positions during the move lower.
Intraday charts show price opening near $351 before moving downward. Attempts to reclaim the mid-$340s failed, forming a series of lower highs and lower lows. A wick near $330 shows some buying interest but not enough to shift momentum.
Traders Watch for Reaction as Price Nears Demand Zone
The broader structure suggests TAO is drifting toward its long-tested support zone. Past interactions with this area have produced rebounds lasting several weeks. The current decline follows failed attempts to break above resistance near the upper range boundary.
Volume trends offer early clues for potential stabilization. Recent candles show reduced sell volume compared to earlier high-activity sessions. This behavior often appears when a market slows before testing major support. Traders will watch for contraction in selling pressure or early reversal patterns.
Market behavior remains corrective, not yet breaking long-term structure. If TAO reaches the $280–$300 range, traders expect increased volatility and possible liquidity sweeps before any directional decision develops.