TAO Nears Halving Amid Changes in Market Structure and Constrained Liquidity Patterns

Market Conditions Ahead of Halving: TAO is approaching its halving with rising open interest and a long-biased market posture, trading at approximately $302 with a weekly gain of 5.52%. The market shows reduced volume, indicating traders are waiting for a significant trigger.

Technical Support Levels: TAO has established a support area between $245 and $270, which has seen repeated bounces. A flattening downward trend suggests potential exhaustion, with a reclaim of the 20-day moving average being crucial for a possible trend change.

Liquidity and Volume Trends: Recent market activity shows a contraction in volume despite firm long positioning, indicating a cautious market that may react quickly post-halving. Historical volume spikes have not reversed the broader decline, suggesting volatility is driven by reactionary flows.

Future Price Potential: If momentum builds after the halving, TAO could revisit a liquidity region between $420 and $480, which remains untested since November's high-volume decline.