TAO holds the $222.13 daily pivot as hourly momentum fades

As of November 7, 2026, TAO trades at $224.60 on Binance , with the TAO price holding above its daily pivot but below all three daily exponential moving averages. The main scenario is neutral with a defensive bias: support holds, yet the structure does not justify calling this a bullish reversal. Key takeaways TAO holds above the daily pivot at $222.13 but remains below all three daily EMAs, keeping the daily bias defensive. A daily close above R1 at $228.77 is required to confirm a recovery breakout; a close below $222.13 shifts focus to S1 at $216.77. Hourly RSI at 47.4 is declining and the hourly MACD histogram has turned negative, undermining the short-term recovery case.

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