💰$TAO is currently trading around $192.11, coming under fresh selling pressure as bearish momentum begins to build.
Technical Analysis (4H timeframe):
🔴 The price is trading below key short-term moving averages, while the SHORT Sequence 1 signal indicates sellers are gradually regaining control and downside momentum is starting to strengthen.
⚠️ The $194.50–$197.00 range acts as immediate resistance. Unless TAO reclaims this zone with strong buying volume, recovery attempts are likely to face renewed selling pressure.
📉 Initial support is located around $189.00–$190.00. A break below this level could extend the decline toward $184.00–$186.00.
Outlook: The short-term bias leans bearish, supported by the fresh SHORT Sequence 1 signal and elevated selling pressure. A decisive breakout above $197.00 would weaken the bearish outlook, while remaining below resistance keeps the downside scenario in focus.
#Microsoft expands India cloud/AI infrastructure #CLARITY Act vote delayed #MARA Q2 loss amid Bitcoin decline #Coldcard wallet security flaw
