TAO drops 7.34% to $276.47 and tests support levels
- —TAO trades at $276.47 on a reported 7.34% daily drop
- —Price is below SMA-5, SMA-7, SMA-10, SMA-15, SMA-20 and SMA-30, MACD bearish
- —Volume of $236.1 million is 16.86% below the 30-day average
- —TAO still holds above SMA-50 ($265.16) and SMA-200 ($246.22)
Why it matters: Short-term structure is weak, but longer-term averages hold, so a confirmed downtrend is not yet in place.
Source: DiarioBitcoin