TAO approaches $231–232.7 resistance with negative funding
- —TAO rose to $229.28, up 2.17% over the day
- —Funding at -0.0006% indicates a prevalence of shorts
- —Net spot inflows over the past day were $24,520
- —MFI fell to 52.88, with sellers maintaining pressure
Why it matters: A breakout above $231–232.7 would confirm an upward reversal and open the $250–270 target; failure would send the price back to support at $211–215.
Source: TokenPost