TAO Forms Bullish Double Bottom With $1,335 Target, but Bears Still Resist

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com TAO’s daily chart confirms a double bottom pattern with a $1,335 target, backed by a strong breakout and support retest at $797.The short-term 2H chart signals rejection at $375 resistance, with downside targets of $340 and $310 if momentum stays bearish.TAO’s long-term bullish setup contrasts with short-term weakness, creating a volatile range defined by neckline support and active resistance.TAO’s recent market activity reveals strong bullish technical patterns alongside emerging short-term bearish resistance. Analysts observe significant price levels and formations shaping two contrasting outlooks for traders.Bullish Reversal Pattern Signals Strong Upside PotentialThe daily chart reveals a completed double bottom pattern forming across 2024 and 2025 on the TAO/USDT pair. This formation, defined by two equal lows and a mid-peak, establishes a neckline at $797. After the price broke above the neckline, it returned for a pullback, holding the breakout level as new support.According to market analyst Bitcoinsensus, the price target from this setup stands at $1,335.00, calculated by measuring the pattern’s height and projecting upward. The lowest point during the formation reached $172.90, while the breakout rally extended from $396.13 to $896.13. Source: BitcoinsensusThe chart includes vertical projections and price markers at $1,300.00 and $1,335.00, showing potential resistance and target levels. Labeling of “Breakout,” “Pullback,” and “Neckline” reinforces clarity on structure and trajectory.Bearish Retest and Short Setup Challenge UptrendThe two-hour timeframe presents an opposing short-term trend, showing TAO trapped in a descending channel on Binance. TAO’s price previously moved upward within an ascending channel before breaking down below it on April 28, shifting momentum. Following the breakdown, two retests occurred, each failing to reclaim former support and establishing it as resistance.Crypto Patel identified this rejection zone between $369.00 and $375.00 as an opportunity for a short entry, with targets at $340.00 and $310.00. His risk management places a stop loss at $389.60, positioned above recent highs. The chart includes volume data near 80.31K, reflecting moderate activity and weakened bullish pressure. Key support levels lie at $340.10 and $320.30, both tested during prior consolidations.Source: Crypto PatelAs a result of these technical markers, short-term sentiment remains bearish unless price decisively reclaims the $389.60 level. The structure shows lower highs and consistent resistance confirmation, contrasting with the larger bullish breakout visible on the daily chart. Building on this information, price behavior will depend on whether upward momentum resumes or rejection continues.Source link