- •TAO breaks out from a descending wedge, indicating a reversal pattern and potential for an extended bullish rally.
- •Long-short ratios on Binance show strong trader confidence, suggesting increased long exposure and sustained buying interest.
- •Current consolidation above resistance supports continued bullish structure, with resistance seen near $470–$480 zones.
TAO/USDT is showing fresh bullishness after a reported emergence out of a long-term downward wedge. Recent trends on the market indicate that the balance is shifting towards the buyers as the asset is getting ready to experience a possible long-term ballooning.
Breakout Structure Signals Renewed Strength
The chart shared by Captain Faibik (@CryptoFaibik) indicates that TAO/USDT has broken out of a descending wedge pattern. This pattern is usually a sign of transition from continued selling pressure to restore buying interest. The breakdown below the higher trendline is considered to be the most important technical phenomenon that can initiate a continuation rally.
TAO has been trending lower highs and lower lows over the past few months, steadily constricting its range. The recent breakout is a clear deviation from market behavior, confirming that sellers are done. Price stabilization above the wedge resistance now supports a potential rally phase, with traders closely monitoring the sustainability of this movement.
Faibik’s projection estimates a 75–80% upward move from the breakout point, with possible targets between $720 and $740. The estimated range aligns with the measured move calculation, where the pattern’s height is applied from the breakout level. The structure’s clean breakout and price retention above resistance suggest that market sentiment remains optimistic.
Market Data Reflects Sustained Momentum
As of writing, CoinGlass data shows TAO trading at $442, a 10.02% 24-hour increase. The four-hour chart shows a 5.43% increase, confirming consistent buying following stabilization around $400. The seven-day return adds 4.20%, supporting the token's rally.
On longer timeframes, TAO has maintained growth. The 47.70% 30-day lead shows strong accumulation, with 15.03% and 24.51% 90- and 180-day returns, respectively, showing continued investor activity. While a 13.39% yearly decline, the overall appreciation of +349.40K% since inception shows strong long-term strength.
This performance situates TAO among the stronger mid-cap tokens by market behavior, especially given its ability to recover quickly from corrective phases. The sustained rising trend of the short-term chart shows a successive sequence of increased highs and increased lows, which strengthens the existing bullish market setup.
Sentiment Indicators Point to Buyer Control
Long-short ratio data provides additional context to TAO’s strength. On Binance, the long-to-short ratio for accounts stands at 1.7442, with top trader positions showing a ratio of 1.8306. This implies a dominant bullish bias among both retail and professional traders. The top trader account ratio of 1.4759 further indicates institutional participation in the ongoing uptrend.
Conversely, OKX has a ratio of 0.85, which is a more neutral position between bullish and bearish traders. This divergence in sentiment among exchanges often implies a difference in trading strategy that can result in short-term arbitrage opportunities.
TAO’s price structure remains firm above the $430–$440 support area, an essential region for trend continuation. Should the asset maintain this level, technical projections indicate potential resistance forming near $470–$480. Sustained volume and buying pressure will be critical in validating further upward expansion toward higher targets.