Selling pressure is engulfing TAO as the leading AI token records a prolonged losing streak, pushing the price dangerously close to a key psychological support level.
🔸 TAO has endured 5 consecutive days of negative trading, losing key price levels and currently weighed down by broader market profit taking. This slide has brought the price down to test lower liquidity zones.
🔸 Technical analysis indicates TAO is entering a do or die support zone around $240 - $250. This serves as the Bulls last line of defense; a breakdown here would swing the gates wide open for a drop toward the $200 - $220 region.
🔸 Momentum indicators suggest the market is entering oversold territory. Risk tolerant traders are closely watching price action in this zone for a potential technical bounce, while cautious players await clearer trend confirmation.
Will $240 serve as a launchpad for recovery, or is it merely a temporary pit stop before Bears push the price to new depths?
News is for reference, not investment advice. Please read carefully before making a decision.