Will $360 Bolster TAO Price Amidst Market Repositioning?

TAO is grappling with a critical point at the $360 level, facing both historical support and resistance. Trading volume surged 18.7% as market participants actively reposition themselves. Crypto analyst Crypto Tony highlights this on Twitter, noting that TAO’s weekly chart reveals a crucial horizontal zone. The upcoming retest of $360 holds significant implications for bulls and bears alike. If bulls successfully defend above this level, the market may maintain upward momentum; however, a rejection could spark renewed selling pressure, potentially leading to further price decline.