The market’s been pretty slow lately, and Tao crypto isn’t escaping that slow price action either. With June wrapping up and all the events that have gone down, it looks like Tao might have hit its bottom.
A lot of chart analysts are saying Tao’s setup is worth keeping an eye on, with anything below $300 being a solid buy zone. But the experts over at 99bitcoins took a closer look at the chart, and here’s their take.
Very clear Elliot wave here on $TAO.
Should've seen it earlier, unfortunately didn't.
Anything around or below 300 is a buy within 10% range IMO.
There's also a massive liquidation cluster at the skem exchange MEXC of around 4M dollar worth (like 10x more than any other… pic.twitter.com/MEc8eRHUDR
— M-log1 (@log1_053) June 27, 2025
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Tao Crypto Chart Analysis According To Experts
(SOURCE)
Tao will enter the Range Low soon. A possible buy? Well, it depends… but usually we are bullish at the lows and bearish at the highs, right? We’re now seeing local signs of accumulation, trendline confluence, and multiple levels of demand resting below.
The price has been dropping, marked by the blue trendline showing lower highs, which means the sellers have been in charge. There’s a solid support level around 308.67 USDT (the green line) where the price might bounce.
Up top, there’s resistance around 355.26 USDT. Plus, there’s another resistance zone around 330.00 USDT, shown by the dotted lines. The blue zone at the bottom is the “NPOC” (Naked Point of Control), where price has chilled or reversed before; it could be a key spot for traders to keep an eye on.
Right now, the price is in a consolidation phase, with a lot of little ups and downs (kind of like a wedge or flag pattern). If the price breaks out of this, it could shoot up to the resistance at 330.00 USDT and maybe even hit 355.26 USDT.
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Key Takeaways
- Tao Crypto is near a key support level, with potential for a bounce around $308.67 USDT.
- Price could break out, targeting resistance at $330.00 and $355.26 USDT.
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