Falling Wedge Sparks Bullish Momentum: Popular Analyst Predicts a 30% Surge This Week?

TAO/USDT forms a falling wedge pattern with price bouncing from the lower boundary, signaling potential breakout toward $420–$440 range.

Holder base grows 8.78% monthly with 184,080 wallets and 72% supply staked, indicating increased long-term engagement and accumulation activity.

Network activity strengthens with 128 subnets live, 22 applications built, and over 4.6 million transfers processed across 3,000+ miners globally.

TAO is showing early indications of market stabilization following recent declines. Technical patterns and holder activity suggest accumulation may be taking place. Price movements point toward potential upward momentum if key levels hold.

Wedge Pattern Suggests Potential Upside

TAO/USDT is currently mapped within a falling wedge formation, typically regarded as a bullish reversal structure. The wedge is defined by two converging downward-sloping trendlines marking lower highs and lower lows

Price compression toward the apex often precedes breakout scenarios.Captain Faibik tweeted that if the wedge plays out successfully, a bullish rally of up to 30% could occur within the week

Price recently bounced from the wedge’s lower boundary, forming a short-term higher low that suggests selling pressure may be easing. Candles near the wedge bottom show long lower wicks and tighter bodies, indicating accumulating demand.

A decisive breakout with volume could validate the wedge’s target towards $420–$440 while failures could falter.

Base Rebuilding and Accumulation Signals

TAO appears to be transitioning from corrective decline into a recovery phase.Recent price action shows a retest of the 320–330 USDT support zone, forming a potential accumulation base above key support

A successful reclaim of 360–375 USDT could pave the way toward $400–$420.Momentum indicators show early strength with the 4H RSI turning upward from oversold conditions

Volume on green candles has outpaced previous declines, suggesting buyer absorption. On-chain metrics also indicate increased spot activity, reflecting long-term holders re-entering positions.

The token continues to operate above structural support levels, and volatility has compressed, concentrating liquidity near resistance areas. These indicate that TAO is in a controlled consolidation phase, positioning for a potential directional move.

Holder Data and Network Activity

TAO’s holder base is expanding steadily, with 184,080 wallets recorded, marking an 8.78% monthly increase. It currently takes 14.27 TAO to enter the top 10% of holders. Only 10 wallets hold more than 100,000 TAO, representing a minimal portion of total wallets.

The network has 128 subnets live, 22 real applications built, and over 435,000 accounts created , transfers exceeding 4.6 million,more than 3,000 miners across 107 countries. With around 72% of supply remaining staked it is demonstrating consistent long-term engagement.

Market capitalization charts indicate a steady decline from early November peaks toward $3 billion. Small relief rallies occurred but failed to surpass previous highs, maintaining bearish pressure. Consolidation above key support zones remains critical for stability.

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