TAO Price surged nearly 17% after rebounding from key support. Rising volume and momentum indicators point to improving sentiment. Resistance near $260 remains the next major hurdle for bulls
TAO Price posted one of the strongest performances among major altcoins, climbing 16.83% to $247.78 as interest in decentralized artificial intelligence projects returned. The rally came alongside a sharp increase in trading activity, with volume rising more than 91% to nearly $280 million.
The latest TAO Price surge originated from a high-volume node near $212, where buyers stepped in aggressively. The rebound also followed a successful defense of a long-term support trendline located below the $200 level.
Sherpa noted that TAO was previously one of the leading assets in the decentralized AI sector. While newer projects have recently attracted attention, the analyst believes the market is now evaluating whether TAO can reclaim its leadership position.
Source: X Technical indicators also improved significantly during the recovery. The Relative Strength Index climbed toward the neutral 50 level, suggesting momentum has shifted away from extreme bearish conditions. Meanwhile, the Directional Movement Index began showing signs of a bullish crossover.
The next major challenge for TAO Price is the 200-day exponential moving average near $267. This level has historically acted as a significant resistance zone during previous recovery attempts.
Analysts are also watching the $258 to $260 region. A decisive breakout above that area could increase the probability of a move toward $300. Beyond that, former resistance near $311 may become the next major target.
Despite the recent rally, confirmation of a long-term reversal remains absent. The TAO Price still needs to establish higher highs and reclaim critical resistance levels before a sustained uptrend can be confirmed.
If profit-taking emerges, support around $216 may serve as the first defensive zone for buyers. A failure to hold that area could expose the token to another test of the broader support structure below $200.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.<p>The post TAO Price Surges 17% as AI Narrative Fuels $300 Target first appeared on Coin Crypto Newz.</p>
