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TAO Price Continues Daily Downtrend Amid Bearish Momentum

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TAO
$219.33-4.61%
This is the logo of the coin.
BTC
$88,031.60-0.2%
TAO price remains in a bearish trend, with price below key EMAs and each rally met with selling. Momentum indicators show bearish control, as MACD turns lower and RSI declines. TAO has dropped 5–6% in 24 hours, trading in the mid-$200s. Analysts warn buying near this level is risky, comparing it to BTC under $300. The fear and greed index reflects heightened caution. Immediate resistance looms, and a breakdown below support could trigger further losses.
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