TAO recorded a 10% loss in just 24 hours after rejecting the $329 resistance, extending its correction for three consecutive days. The network’s Open Interest declined by 10% to $502 million, while long liquidations reached $1.7 million, significantly outpacing short liquidations of $91.6K. At press time, TAO was trading at $287, hovering just above the dynamic EMA support level that could allow for price stabilization. A decisive break below this technical threshold would expose the token to deeper downside as selling pressure continues to build.
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