Looking at $TAO
right now, it's telling a story of resilience. After what the chart shows has been a tough few months, the current action is a notable step in the right direction.
Trading above $224 with a solid gain today is encouraging. More importantly, it's currently sitting above all its major moving averages. Breaking and holding above the 7, 25, and 99-period MAs is a classic sign that near-term momentum is shifting positively.
The volume confirms there's real interest here. Over 5.7 million USDC in trading activity suggests this move is being backed by meaningful capital, not just a small bounce.
Yes, the longer-term view shows a market that's been through a correction. But that makes the current strength more significant. It's holding key support and is now working to build a new foundation. This kind of consolidation and push above important averages is often how sustainable recoveries begin.
For anyone watching TAO, this is a chart that's starting to show signs of steadying itself and regaining its footing. The short-term picture is improving with conviction.