$TAO /USDT is showing short-term bearish pressure, currently trading around 251.5 with a -2.63% dip. Price remains below key moving averages, signaling weak momentum. Recent rejection near 259 suggests strong resistance, while support is forming around 249. A breakdown below this level could trigger further downside. Volume spikes hint at selling pressure, but a bounce from support may offer a quick recovery. Traders should watch for a breakout above 255 for potential bullish reversal confirmation.

TAO
TAO
249.3
-5.53%

#CryptoMarketRebounds #SECEasesBrokerRulesforCertainDeFiInterfaces #USDCFreezeDebate #USMilitaryToBlockadeStraitOfHormuz #JustinSunVsWLFI