TAO/USDT pair saw a sharp rally, jumping 13.7% in the last 24 hours and breaking through $295. Several factors converged to spark this move. The network just completed its first halving event, cutting emissions by 50%—a classic supply shock that typically tightens available tokens. Meanwhile, a new JPY trading pair listing brought fresh liquidity flows into the market, attracting both retail and institutional interest seeking alternative entry points.

From a technical perspective, the setup looks constructive. MACD histogram has turned bullish, and RSI sits in healthy territory without overextension, suggesting there's still room to run. Traders are eyeing $290 as the immediate support level; breaking below that would signal weakness. The real test comes at $300—cracking through this psychological resistance would likely trigger another wave of buying and potentially open up the $310+ zone.