$TAO trades at $220.30.

What's Happening:

  • TAO down 4.3% to $220.30.

  • Halving event reduced emissions, but price hasn't reacted bullishly yet.

  • Institutional products (Grayscale) provide long-term validation.

Why It Matters:

Halvings are narrative events, but supply shocks are lagging indicators. The reduction in daily sell pressure takes months to be felt. Patience is the edge here.

Technical View:

$220.30 is challenging $200 Support. A clean break opens door to $180. Support at $200. Trend is Bearish.

🎯 Key Levels:

  • Support: $200.00 | Resistance: $250.00

  • 24h Range: $215.00 - $230.00

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Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.