🔷️ Testing Resistance: $TAO Approaches Macro Trendline 🎯
Following up on our previous study attached below. In our last review, we highlighted how #TAO was approaching a major structural decision area at the convergence of key levels.
Buyers successfully defended the bottom black accumulation zone, launching a solid recovery move to push price action directly toward the long-term descending purple trendline.
This purple diagonal resistance remains the critical hurdle defining the macro structure. A decisive breakout above this trendline is required to shift the broader momentum and unlock upside toward the higher yellow supply regions, while failing to clear it keeps price consolidating below resistance.
⚠️ Not financial advice.
#TAO #Bittensor #AI #Crypto #Altcoins
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