TAO: Coiling at Weekly Trend Line Resistance

TAO grinds against a major weekly trend line as price action coils tightly ahead of long-term resistance, with CryptoKing4Ever eyeing a clean breakout higher or a slide to $167.8 and $140 supports.

With TAO trading at $225 inside the Bollinger Bands, the bearish MACD death cross at -7.31 and price below both EMA50 at $241.3 and EMA200 at $249.91 signals sustained downside pressure, though neutral RSI at 31.83 suggests potential stabilization before testing lower support near $218.34.