$TAO

Arguments in favor (bullish):

- Technical oversold: The 4.57% drop in 24h could attract buyers looking for a rebound.

- Support at $311.7 USDT: Key level to avoid a further drop.

- Stable volume: No massive liquidations, suggesting that the correction could be temporary.

Risks (bearish):

- Dense resistance at 316.5–316.9 USDT: Difficulty in recovering higher levels without catalysts.

- Lack of institutional momentum: No recent news supporting an increase.

- Possible continuation of the bearish trend: If #Bitcoin❗ is not recovered, TAO could continue to correct.