TAO for critical support: Pivot $166; make am close for $173 before e go change to bearish trend

Published: 2026-02-23 19:59:40 |

TAO (TAO/USDT) dey trade for critical support after recent drop, dey hover around $166–172 and don down about 3–4% for 24 hours. Price dey under EMA20 and e show Break Of Structure to the downside. Main support dey for $166 (POC, EMA50 and high-volume buyer zone), secondary support band near $142–151 (weekly demand, EMA200 confluence). Immediate resistance/short-term trigger dey for $173–185 (EMA20/1D supply); if price close confirmed above $173–185 on rising volume, e go shift momentum towards long targets at $190–222 and extended target near $269–271. If price sharply break below $166, e fit lead to deeper drop to $142 and as low as $58–86 for extreme bearish case. Indicators: RSI ~41–43 (neutral to mildly bearish), Supertrend bearish, MACD show some bullish histogram divergence but no confirmed crossover, and volume dey rise on declines — this suggest distribution or liquidity hunting near supports. Correlation with Bitcoin strong (report ~0.85), so BTC weak fit amplify TAO downside. Trading plan: bias remain bearish while price stay below EMA20 and $173–185; consider bullish setups only after close above $173 with rising volume and multi-timeframe confirmation. Use dynamic stops around listed supports; monitor BTC key levels and volume for conviction. Not investment advice.

Bearish

Both reports dey talk say TAO dey trade under downtrend pressure, dey under EMA20, and e sidon for critical $166 support/POC. Indicators dey neutral-to-bearish (RSI ~41–43, Supertrend bearish) and volume dey rise on declines — this configuration favour more downside unless clear breakout pass EMA20/resistance cluster ($173–185) show for higher volume. High correlation with Bitcoin (≈0.85) mean BTC weakness fit make losses happen faster. Short-term traders suppose favour short or risk-managed neutral positions while TAO still dey below the trigger zone. If daily close confirm pass $173 with higher volume e go shift bias to bullish and open targets towards $190–269; if $166 fail e go expose deeper support zones down to $142 and maybe $58–86 for extreme scenarios. Overall, technical evidence and market structure balance dey point to bearish near-term outlook for TAO.