TAO faces demand pressure in the $180-220 range, but signs of seller fatigue are already emerging. The price repeatedly tests this level, which instead suggests that a bottom may be forming—a typical sign of re-accumulation.

If this resistance zone is broken, the structural recovery will become clearer. The on-chain targets are straightforward: first see if $350 can hold steady, then $480 as a secondary resistance, and finally $700 as a higher-level pressure.

Compression will inevitably lead to expansion. Sideways movement is just building momentum; this is definitely not the top. Instead, it looks like smart money is quietly building positions. Many people are ignoring this now, but on higher timeframes, the logic is actually quite solid.