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TAO Weekly Technical Setup
Tao token found solid support at the 0.618 logarithmic Fibonacci level and bounced upward from that key zone. The current price action is displaying reversal characteristics that mirror the pattern observed back in early 2024, when TAO similarly discovered strong support precisely at the 0.618 Fib retracement.
This technical confluence—combining Fibonacci support with historical precedent—suggests potential upside momentum could be building. The alignment of these resistance and support levels across different timeframes strengthens the case for a meaningful reversal scenario moving forward.