$TAO BUILT A 5-YEAR INFRASTRUCTURE IN 2 – PRICE STILL DOWN 73% 💎
Entry: 184.46 🔥
Target: 200.00 🚀
TAO broke below $200 and the 78.6% Fibonacci level with volume up 10% – sellers are in control. The daily RSI sits at 44.33, still room to fall. But the supply picture is tightening: 67% of circulating TAO is staked and daily emissions just dropped to 3,600 after the halving.
The June low at $184.46 is the last major support before a potential slide to $175-180. Institutional custody infrastructure is in place – now it needs buyers.
Are you watching $184.46 for a long entry or waiting for a reclaim of $200?
Not financial advice. Always manage your risk.
#TAO #Bittensor #BearishSetup #SupportLevel #CryptoAnalysis
💎
Entry: 184.46 🔥
Target: 200.00 🚀
TAO broke below $200 and the 78.6% Fibonacci level with volume up 10% – sellers are in control. The daily RSI sits at 44.33, still room to fall. But the supply picture is tightening: 67% of circulating TAO is staked and daily emissions just dropped to 3,600 after the halving.
The June low at $184.46 is the last major support before a potential slide to $175-180. Institutional custody infrastructure is in place – now it needs buyers.
Are you watching $184.46 for a long entry or waiting for a reclaim of $200?
Not financial advice. Always manage your risk.
#TAO #Bittensor #BearishSetup #SupportLevel #CryptoAnalysis
💎