TAO Falls 4.96% to $257.33 as eTAO Upgrade Launch Tests Support
- —TAO trades at $257.33 with a market cap of $2.99 billion
- —Daily volume of $196.7 million is 21% below the 30-day average
- —RSI sits at 42.1 and MACD keeps a bearish bias
- —Price is below the 7-50 day SMAs but above the 90- and 200-day
Why it matters: The eTAO upgrade shifts emission control to subnets, prompting traders to reassess their incentives and demand for TAO.
Source: DiarioBitcoin