$TAO is quietly doing something important on the 3-day chart.

Price has reached the lower edge of its parallel channel — a level that has acted like a floor again and again. Instead of breaking through it, buyers are stepping in. That area is a strong bounce zone, and the reaction so far shows that demand is still alive.

This is the part of the chart where risk starts to feel more controlled. Sellers already pushed as far as they could, and now the market is testing whether it’s time to reverse. If this level keeps holding, the path upward opens.

A recovery from here doesn’t need much imagination. The structure points toward the middle and upper side of the channel, which lines up near the 680 zone. That’s not a random number — it’s where price was previously accepted before the last pullback.

I’m watching how this base forms. When a market stops falling and starts respecting support, it’s often the first sign that momentum is about to change.

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