As discussed before TAO/USDT at $392:🔻
📉 TAO/USDT Update – June 12, 2025
🔻 Current Price: $392.8 (-7.03%)
📉 24h Low: $392.0 | 📈 24h High: $436.9
📊 RSI (6): 20.3 (Oversold Territory)
TAO has been in a strong downtrend, currently sitting at the 24-hour low of $392. Support appears weak as the bears dominate. The RSI is at 20.3, signaling oversold conditions and potential for a short-term bounce or reversal.
🔍 Key Observations:
Strong downward momentum with multiple red candles.
Volume spike seen around $398, but price failed to recover.
Watch $392 closely – a breakdown could lead to further lows.
If RSI bounces and price crosses above $400 again, we may see a short-term recovery attempt.
🧠 Not Financial Advice – Just Analysis. Always DYOR.
📌 What’s your move? Buying the dip or waiting for confirmation?
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