Recently, the price of the most popular TAO coin fell as soon as it reached the 450-460 range.
From the perspective of market supply and demand, when the price rises to this range, profit-taking holders sell in large quantities, and there is insufficient buying on the demand side. Supply exceeds demand, causing prices to fall.
Technically, there is a strong resistance level in this range, which has repeatedly hindered the upward movement of prices. When technical investors touch it, they will reduce their positions and sell, pushing prices down.
In the macro environment, if there is news that is unfavorable to cryptocurrencies such as stricter supervision and economic instability in the market, investors will lower their expectations for the prospects of TAO coins, reduce buying or selling, and cause prices to fall.
Continue to be optimistic about #tao
The next step is to increase the chips and continue to go long! ! !
Continue to pay attention: kaito s mkr stpt
