Markets· ★★· bearish·

TAO Drops 5.91% to $295.83 After 22% Weekly Rally

  • —TAO fell 5.91% in 24 hours to $295.83 after a 22.45% weekly gain
  • —Daily volume of $361.4 million is 37.84% above the 30-day average
  • —RSI at 63.9 and Bollinger %B at 86.7 point to overbought conditions
  • —Market cap of $3.41 billion remains 60.92% below its March 2024 all-time high
Why it matters: The pullback looks like profit-taking after a rally rather than a trend reversal, with TAO holding above all key moving averages including the SMA-200.
#TAO
Source: DiarioBitcoin
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