TAO Falls to $280.14 as MACD Turns Bearish, Volume Sinks 38% Below Average
- —Price at $280.14 versus $299.43 open and $272.51 intraday low
- —Volume of $175.4 million is 38.23% below the 30-day average
- —MACD bearish with histogram at -4.32; RSI at 49
- —Price holds above SMA-50 ($265.16), SMA-90 and SMA-200
Why it matters: Thin volume fails to confirm a broad sell-off, and holding the SMA-50 keeps the longer-term structure intact, but a break of $272.51 opens the door to further downside.
Source: DiarioBitcoin