$TAO Long Liquidation: $81.5K at $369.07!
TAO bulls took a hit as the price dipped sharply, triggering a major liquidation. Sellers are in control, pushing the market lower.
Key Points:
Liquidation: $81.5K of long positions liquidated.
Price Action: Dropped to $369.07, breaching key support.
Market Signal: Bearish momentum building; bulls losing ground.
If the bearish trend persists, TAO could test $360 - $355 as the next support zone.
For recovery, bulls must reclaim $375 to regain confidence and reverse the trend.
Long-Term Detail:
This sharp liquidation reflects rising selling pressure, possibly fueled by broader market corrections or TAO-specific developments. The breach of $369.07 indicates fragility, and without strong buying interest, further downside is likely. Traders should monitor volume surges and whale activity near support zones for a potential turnaround.
Trade wisely—this is a volatile zone!
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