$TAO
🔍 Current Stats & Price Movement
TAO is trading around $290-$300 USD. According to one exchange it’s at ~$299.77 USD.
Market cap is about $3.0 billion USD (circulating supply ~10.3 M tokens) in several sources.
24-hour trading volume is around $190 million-$210 million USD in recent data.
Performance: +2-4 % in the past 24 h (some sources) but down ~7-8 % over the past 7 days.
📉 Technical / Market Structure Overview
Bearish to neutral signals currently:
The weekly trend shows a decline, indicating that the market structure has “flipped” somewhat bearish.
Key support is around the ~$260-$290 USD zone, which is being watched closely.
Resistance zones are up above ~$300-$350 USD (depending on timeframe) and TAO has to reclaim higher levels to shift momentum.
Sentiment is cautious: despite being an TAO token (a strong narrative), the token is underperforming many peers.
Must hold key levels: If TAO breaks support region ( ~$260-$290 ), it could drop further.
✅ Short-Term Outlook & What to Watch
Support: The ~$260-$290 region is critical. If TAO holds it, we could see consolidation or bounce.
Resistance: Clearing above ~$300-$330 (and then maybe ~$350) would improve the bullish picture.
Volume / momentum: Watch for uptick in volume and positive technical crossovers (RSI, MACD) to confirm a recovery.