TAO’s Breakout Potential: 29% Upside on the Horizon Amid DeFi TVL Surge

TAO is poised for a breakout, with potential for a 29% upside fueled by rising DeFi TVL. Technical analysis suggests the formation of a falling wedge pattern on the 1-hour chart, indicating a possible bullish reversal. Recent price action reflects growing buying pressure and sustained market confidence. DeFi Total Value Locked (TVL) is reaching multi-year highs, indicating renewed investor optimism in the DeFi sector.